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