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Friday, 5 October 2012

Gold Technical Analysis: 5 October 2012, Friday, 9.40am Singapore Time

Gold Technical Analysis: 5 October 2012, Friday, 9.40am Singapore Time

Contrary to the 95% of market participants who view gold as a buy, investment, long or whatever you call it, the 5% of the real pros are already out, while 95% are already in. The 5% who are the Big Hands may in fact be going against the majority already. The more convincing the news, logic, facts and classical conditioning (3rd Quantitative Easing), the more sure people (traders and investors) will go into the mouse traps not only in Gold but in financial/investment markets worldwide. Afterall, how to catch the 95% of market participants and have them go into the traps willingly if the news, logic, facts and classical conditionings are not showing compulsive buys and sure win gambles?


Long Term: Downtrend
Mid Term: Downtrend
Short Term: Uptrend Ending

The above characteristic throws confusion to the markets.

This is still a nascent stage of a super cycle Gold Bear.

Be careful of your investments in all financial asset classes worldwide.

Donovan Norfolk Technical Rating on Gold:
BEARISH; SELL/SHORT.

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