Re: Market update

Hello,


Gold and Silver


What is reason of parabolic rise within last few week and days?

I can sum up the whole arguments by writing QE

Its worthwhile to spend your time on below stories and come to conclusion yourself instead some great minds on cnn or business channel explaining you facts


http://www.marketwatch.com/story/bank-of-england-holds-policy-steady-2010-10-07?dist=beforebell

http://www.marketwatch.com/story/race-to-the-bottom-in-currency-markets-2010-10-07?dist=beforebell

http://www.theglobeandmail.com/report-on-business/economy/currencies/pressure-mounts-on-china-to-stop-currency-war/article1745532/

http://www.china.org.cn/business/2010-10/07/content_21070259.htm


As per my techncial indicator it has run ahead in shrot run and would welcome 3% to
 5 % correction however i am very bullish long term if you have your view past one week  or one month 

http://www.theglobeandmail.com/report-on-business/top-business-stories/why-selling-the-us-dollar-is-the-only-game-in-town/article1746906/

Market

Technical indicators are all indicating a bullish sentiment despite horrific fundamental , I would to consider  my positon before market reaches DJIA 11300 -11500


Have a great weekend

Update oct 1

Greetings from colder toronto....

Gold and Silver,

It seems some sort of consolidation is in the cards in near term and i would advise to turn  paper profits into real one, it never hurt to take some profit of the table.
My long term outlook still remain bullish as in bull market you will have some consolidation which is extermly frutiful in long term

Market

Consolidation seems to be imminent however i see market inching ahead as we move closer to end of 2010. Partial proft it advisable