Hello Jay
gold is close to a real buy
attach is my long term trading
an official buy is when the blue line goes from
under the lower band to above it
(that did not happen yet)
however
we are not on the floor,, but under the
floor
so risk to the down is VERY small
upside potential over 125
Ben
p,s
adding fuel to fire there is also a bullish
divergence
price at lowest but the indicator is
NOT
__._,_.___----- Original Message -----From: Jay StraussSent: Tuesday, August 05, 2008 6:31 PMSubject: [TimeandCycles] XAU ratiothe GOLD to XAU ratio is reaching near 6000, and is at 5.94, and that
is way above the usual and customary range of 4.50 to 5.00 over the
last 2 years or more.
Is that signaling a LOWER market or higher;
In other words, is a high ratio near 6.00 considered a buy or sell?
the opposite end is at the 3.00 level
I had some old charts but misplaced them
Jay
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