See You at the Top!!! Part IV

This weekly chart is still in the making but I have decided to take my cpo profits. My expectation was to take the profits at 35xx level, but disappointment follow unfulfilled expectation (LOL!); I exited at 332x level. End of the day, no complaint over the 200++ points gain per contract. LOL! This post will mark the end of my trading journal for the year.

There is a time to make, and there is a time to rest. My 7week holidays start tomorrow through New Year 2011!

SEE YOU NEXT YEAR!

After: Soybean Oil Being Hit!

Limit Down! Cousin FCPO will be next in line to take the hit. Risks/Rewards traders will have big pay day I guess...

Soybean Oil Being Hit!

Soybean Oil Futures Trading News 12/Nov/2010 - Holy Smoke! Very close to limit down price 52.53 anytime now!

See You at the Top!!! Part III

True trend followers will never give up their Long position at now, not me. My model shows possible resistance at at 3500 level. Never ever short it, but for me to take profit at the stipulated level is in my to-do list.

Knock! Knock!

Forget Gordon Gekko or Gecko (LOL!), here comes the real shark of the century near your door steps. Be scared. LOL!

See You at the Top!!! Part II

About FCPO, my "friend" likes to state "only the sky is the limit for a bull market" which I think that's an highly subjective, exaggerating and opinion oriented statement. LOL! However, looking at this chart, I can't help but start to fantasize how high it will go. See you at the top! LOL!!!

Bonus: This FCPO bull provided plenty of entry opportunities (for short to mid term play). Like this one. Do you see what I See? Looks like I am giving my secret away freely... LOL! (Yes, I am merely bullshitting ;)

Oh My GOlD!!!

Must be the Deepavali Gold Rush！ LOL! Happy Deepavali!!!

The Chart:


The Story: Gold soared Thursday as the U.S. dollar sunk in the wake of the quantitative easing announcement from the Federal Reserve on Wednesday afternoon. The wording of the announcement and the amount of the package--at least $600 billion--was even more bearish for the dollar than anticipated, and that, in turn, was fully gold market bullish, as it suggested heightened inflationary pressures on the horizon.

The Winner:

LOL!

1st Review :Hot Chart - Harley Davidson

One month on, finally the sleeping Hog is waking up a bit. LOL.

See You at the Top!!!

Where is the top? I don't know. LOL! This beautiful FCPO 3rd month daily chart with price channel for your free viewing pleasure. Turtles strike it good this time.

Betting Time! Part 2

Not so good looking now...

Betting Time!

Guess which counter is this of Malaysia's Biggest Casino (i.e. Bursa Malaysia KLSE)? I am looking at 100% return in 2~3 months.

Soybean Oil Approaching 50.00

Not without resistance! A mini pull-back took place earlier today, and it is now at a critical level. We shall see how it fares in its next session. FCPO bulls better keep your fingers crossed. LOL!

We Make Your Dreams Come True!

"Bajet Rakyat Malaysia 2011" item no.85
"The Government is aware of the difficulties faced by the rakyat, particularly young adults who have just joined the workforce with income less than RM3,000, to own a house. To assist this group, the Government will introduce Skim Rumah Pertamaku through Cagamas Berhad which will provide a guarantee on down payment of 10% for houses below RM220,000. This scheme is for first-time house buyers with household income less than RM3,000 per month. In other words, the house buyers will obtain a 100% loan without having to pay the 10% down payment."

This is what I think:

Very creative measure to boost home ownership indeed. (A contrarian approach too, if compared against regional governments' move of raising loan-to-value ratio to curb the sky-rocketing property prices. ) LOL!

Why push young adults to over-commit on something they can't afford. Journey of an indebted life will now begin for many young ones.
(And they have better pray hard that BLR will stay at this level or lower for a very long time).

Why do I have a feeling that we are making a local production of "Subprime Drama"? Perhaps I worry too much. Do enjoy the subprime cartoon of this post, couldn't be better. LOL!

Another Peter, Another Self Made Billionaire

Well, the tough looking CMC founder Peter Cruddas worth £1b in year 2009. I thought he was a fish monger's son, not true, but more humble, a meat-market porter and a cleaner's son. “A lot of people in the City (London's financial district) want to hide their wealth,” Cruddas said in 2005. “Not me. I’m proud to be ranked No 1 and take it as a mark of distinction.”

About him : He left school at 15 and became a telex operator. CMC was launched in 1989 with £10,000. In 1996, CMC branched out from traditional broking into online trading of shares, currencies, gold, oil and spread-bets; Goldman Sachs paid £140m for a 10% stake in 2007. Profits rose sharply to £57.2m in 2007-08 on soaring turnover of £181.4m. Past salaries, dividends and a £30m property portfolio take him to £1 billion.

1996 was a pivotal year for him, had he not persisted on pursing his vision of e-trading, we will probably not know him today. Just like Peter Lim's foresight on future trend, Peter Cruddas was betting on information technology when the IT age was at its infancy. These winners see things into future much further than many of us do. And they work hard to build their futures too.

Most importantly, they are both very charitable.

3rd Review on Maoxian's SLV

Bootylicious!

Who the hell is Peter Lim? Part II

Hmm.. the devil is in the details, and literally a red devil himself anyway. Peter Lim currently holds the franchise for Manchester United theme restaurants in Asia. Being a shrewd businessman as he is, my feeling is, he is sicked of paying MUFC franchise license fees, If he owns LFC, he will be on top of the food chain of those lucrative franchising business and more. A great way to synergize his businesses. And yeah right... for the love of football. LOL!

By the way, story of Peter Lim is pretty inspiring, a self made billionaire of a fish monger's son. That reminds me of another financial figure, also a fish monger's son. I will blog it up in the future.

Who the hell is Peter Lim?

Answer: Singapore's seventh richest man (Ref. Forbes, Sep/2009, net worth 1.5 Billion), and he is bidding for Liverpool (a football club, or soccer club, LOL!). Mind you, he is making a £360m cash bid! I am no fan of soccer, but I have many friends are. Some of them are Liverpool fans, and I am very sure they will have few words if their club is taken over by a Singaporean... Scary thought! LOL!
Actually, I thought you might be more interested to find out "how come he is so bloody rich?".
Another answer: His foresight on Palm Oil (investment in Wilmar). There's an old 2007 article about him (see below, "Former Remisier King Peter Lim"), which is a pretty good article for us to understand him better, much to learn from this astute and patient investor. He is now into alternative energy (Ring any bell? So is Warren Buffet into electrical car maker "BYD"). In my opinion, he is a true trend follower in a much bigger scale. Move over Michael Covel (yeah, that books salesman). LOL!


"Former Remisier King Peter Lim"

He makes paper loss of $100m in stock market turmoil, but says of his wealth: 'It makes no difference after a point' My money will go to charity
By Karen Wong

WHEN the Singapore stock market took a sharp dive lastweek, it wiped out more than $100million of his stock's value.

But former remisier king Peter Lim did not lose sleep over it.

Why? 'I've been a stock broker for all my life - I've seen all the crashes, financial crisis, where really, it's only a paper loss,' replied the self-made billionaire.

'Just make sure you are not jammed with cash flow.'

Mr Lim was referring to his almost 5 per cent investment in Wilmar International which saw its share price move from a high of $3.78 to a low of $2.89 in the space of a month. The share price last closed at $3.

To him, his wealth is less important than his family and philanthropy. His attitude towards money is almost casual. It reflects his philosophy on investing and wealth.

For those who feel they are badly mauled by the current share doldrums, Mr Lim has this piece of wisdom to share: 'I used to say to my friends, 'When you are holding stocks, if it goes up, don't be too happy; when it goes down, don't be too sad'.

'Otherwise, how? Your life will also be fluctuating and you'll die of a heart attack.

'If you really lose sleep over it, maybe the best way is to keep the money in thebank.'

So what does he lose sleep over?

He replies with a laugh: 'My kids. Like other parents, I worry about what they're doing and whether they'll pass their exams.'

On Thursday, he made his debut in Forbes' latest rankings as Singapore's seventh-richest man, with a reported net worth of US$830m illion.

Mr Lim revealed that he intends to give a large part of his money to society later. How will Singapore benefit?

Through his pet cause: Education.

He made this revelation quite casually, as if he were talking about the weather.

He said: 'I think it's very likely (that) a big part of my wealth will be directed towards education.'

'It will be either a straight donation towards assisting educational institutions or maybe I'll set up a foundation.'

He supports Prime Minister Lee Hsien Loong's call at the recent National Day Rally for more Singaporeans to make charitable contributions.

Mr Lim echoed PM Lee's views that it is happening all over the world, and especially in the US.

'Asia is a bit behind because generally, when you have money, you think of your sons and your daughters when you die.

'But I think it has changed a lot here, principally because now, the wealth isbigger.'

He was reluctant to reveal his charitable contributions over the years, except to say that much of it was anonymous and that in the early '90s, he was one of the earlier donors to the National Kidney Foundation.

HELPS POOR

His friend, Mr Dennis Foo, chief executive of St James Power Station, later told The New Paper that Mr Lim not only donates money, he also takes it upon himself to deliver food, like rice and cooking oil, to needy families in one-room flats and old folks' homes.

Why education?

Mr Lim said: 'Education must be cheap and accessible to anyone.

'For me, I was the son of a fishmonger, but I could still go to the best school. I had the opportunity to make money. There's no discrimination.

'I think this policy of meritocracy actually works. It's very very fair and nobody cancomplain.'

The New Paper managed to get hold of Mr Lim last Wednesday, after his meetings and before he left for a short trip overseas.

The publicity-shy tycoon was extremely reluctant to talk about his wealth. It didn't help that he again made news recently with his involvement in one of Singapore's largest reverse takeover bids, with his investment vehicle Rowsley buying up a chunk of a China solar power company.

But he agreed after some persuasion. He met us at Brewerkz, which he also has a stake in, at Riverside Point two hours before his flight.

Dressed in a polo T-shirt which has seen better days, a pair of cargo pants and trainers, he certainly didn't seem to wear his wealth on his sleeves.

Why so casual? He replied that he plans to sleep on his flight.

DOESN'T MONITOR

Ironically, Mr Lim, who was one of Singapore's leading stockbrokers and is now a private investor, does not monitor the stock market every day.

He goes through the financial reports of companies; he watches financial news to get a summary of what is happening, but he does not track the daily ups and downs of the stock he owns.

He said: 'I only check in intervals, depending on the company.

'If it's a structured company, then (I check) when the results come out. For the bigger ones, quarterly results; for smaller ones, twice a year. But if it's a start-up, I'll check it more regularly.'

Mr Lim made headlines in the late-'80s as a star remisier, in the mid-'90s in his divorce battle and in early 2000 for his involvement in the first instalment of the Raffles Town Club court saga.

Much of his wealth now comes from a single investment: Palm oil.

In the early '90s, he invested about US$10 million in a start-up Indonesian palm-oil company, Wilmar. Today, his almost-5 per cent stake is worth more than US$700 million.

This is a far cry from his humble beginnings. When he was young, he said, he did not even have his own room in the two-bedroom government flat he shared with 11 others.

He grew up, with three brothers and four sisters, in one of Singapore's oldest public housing estates, Bukit Ho Swee.

His father was a fishmonger and his mother a housewife and the size of the flat was the equivalent of a three-room HDB flat today, hesaid.

He slept in the living room, or wherever he could find space to lay his mattress down for the night.

On his wealth now, he said: 'It's no different from what it was before I had the money. It makes no difference after apoint.

'Like what they say, you can only talk louder. You can only eat so much and fly so many trips.

'Money lets you enjoy a lot of things, but I don't think I'll die without money.

'I don't think I'm eating a lot better than when I was a lot poorer than now. I don't really go for very special kinds of food. I'm still very local. I like my mee siam, mee rebus and lontong.'

When his father died in the late '60s, when Mr Lim was 22 years old.

Mr Lim completed his secondary school education in Raffles Institution and was an officer in National Service.

It was then, at the age of 18, that he bought his first lot of shares.

Did he make a killing?

'In fact, I lost money,' he laughed.

But not much.

'I was only paid $385 a month, so I can't have bought, or lost, very much.'

He then went to Perth to further his studies at the University of Western Australia.

To fund his university education, he said, he worked part-time doing odd jobs as a taxi-driver, cook and waiter.

It was one of these jobs - in the Australian fast-food chain Red Rooster - that opened his eyes to how business was done.

'I watched how they started, how they grew, and how they scaled up.'

It was also in university where he honed his instincts and skills as an investor.

He graduated with a degree in accounting and finance and stepped out into the working world.

'My first job was as an accountant. It lasted three months,' he said with a chuckle.

He did some tax consultancy before he went into stocks, he said.

Mr Lim is in his element when dealing with numbers. 'It's something I'm very comfortable with, something I understand.

'Give me any numbers. I look at (them) and I'm happy. It can be in any industry. You give me the numbers; somehow I can figure it all out.'



--------------------------------------------------------------------------------

His secret to investing is...

WHAT is Peter Lim's secret to successful investing?

Prospect, he replied.

He looks at sectors.

'Like if I think solar is good, I go into solar; if I think palm oil is good, then palm oil.

'Share prices go up because the sector grows. So if I think this sector is going to be good in the next 10 years, then I'll just invest in it.'

Another key reason for his success, he said, is patience.

Mr Lim, who also acts as a consultant to companies and helps them find multi-million-dollar investors, does not subscribe to buying one day and selling the next to cash in.

His advice to young investors: 'You have to invest with a longer-term mindset. You buy a good stock, leave it there for 10 years. Come 10 years, this dollar can be many, many multiples.

'I think the trick is really to think long-term.

' You may not have a lot of money, but you have a lot oftime.'

'The minimum length of my investments are five to six years, if not 10 to 12 years.'

He cites the example of his condominium.

He owns an entire 11-storey block at prestigious Ardmore Park, near Orchard Road. He and his wife, with his 85-year-old mother, live in one apartment, while three other maisonettes and the penthouse sits empty.

'I bought it in 1994 for $13m and I just hold there and wait. With the current property market, it is worth more than $100m.'

Same with Wilmar, which he invested in in the early '90s. It was then a US$10m investment. Now, his stake is worth some US$700m.

Surviving the Shakeout

This year, FKLI and FCPO are making new highs one after another. Ironically, we also witness some bloggers being roasted by the markets. Market operates in a mysterious way. It likes to shakeout the weak holders before it makes another major move. It likes to exhaust the wish-washy traders and stubborned traders too. To survive the shakeout, is like walking on a mid-air rope. Feel the rope, advance when the rhythem is with you; in shaky situation, take a breather and ragain your balance. Yes, I am aware I might be talking rubbish. LOL!

Falling Star

Before anyone thinks I am going to talk about Candle Stick Pattern, sorry to disappoint you, I am not.
Before anyone thinks I am going to talk about Biblical Myth, sorry to disappoint you, I am not.

Just to share some nice poem:

NIGHT-SKY AND FALLING STAR

HEAVEN, mighty, full of glorious withholding,
a store of space, a staggering world-display.
And we, too distant for a full beholding,
and yet too near it all to turn away.

A falling star, with which our scarcely-owned,
heart's wish, with startled uplook, is descending:
What is beginning now and what is ending?
What's been committed? What's been condoned?

~ Rainer Maria Rilke

Soybean Oil Hit the Roof!

Soybean Oil Futures Trading News 8/Oct/2010 - Mama Mia! Gap Up Opening Price and Limit Up! Crude Palm Oil Bulls are gonna hit the jackpot in 60hrs time.

Yesss, finally it CAME!

Crude Palm Oil Futures News - Compared with its previous high, today a even stronger move to trigger Turtles' buy orders? trigger Shorties' stops? trigger Chart Pattern lovers' handle buy orders? WHATEVER... this is the beauty of commodities market, everyone seems to make money when it TRENDS. LOL!

Hot Chart - Harley Davidson

Me ain't no Hell Angel! LOL! Previously I was talking about King of Smart Phones (i.e. Apple iPhone), the leader of its industry. This time, it is about the King of Street Bikes - Harley Davidson. Another great Amercian product. Check out its chart; in my opinion, its chart is a pretty good indicator (or reflection) of Amercan economy. LOL!

Looks like the floodgate is open!

"Waterfall" chart pattern for oilseed No.1 market Soybean Oil 60m chart, LOL! I am afraid the No.2 market which is our local oilseed Crude Palm Oil will take the cue to follow the flow! As in most cases, No.1 Leads, No.2 Follows, LOL!

Here we go again.

CPO is going to test the iron ceiling again! C'mon, just do it, like a man! No more wishy-washy move.

Chart missing from my previous post of "Take a Bite of the Apple"

It is now restored. Thousand apologies for the technical glitches. LOL!

Bill, Warren, & BYD. Najib & NYSE.

Sep 28 (WSJ) - The U.S. billionaire duo of investor Warren Buffett and Microsoft co-founder Bill Gates on Wednesday handed celebrity-level endorsement to Chinese auto maker BYD, in which Buffet’s investment firm has a nearly 10% stake.

The two Americans rode in a BYD van from behind a cloud of mist and onto the stage of a Beijing media event for the company, before giving lavish, if seemingly rehearsed, praise for the van.

“It was fantastic. I am amazed at the quality of that vehicle,” Gates said after exiting the van, called the M6.

Sept 28 (Bernama) - Prime Minister Datuk Seri Najib Tun Razak visited the New York Stock Exchange (NYSE) and rang the closing bell on Monday.

He had earlier held discussions with the bourse's top executives led by NYSE Euronet chief executive officer (CEO) Duncan Niederauer, on ways to assist Malaysian investors in securing access into the US capital market.

In a brief remark after signing the guest book, Najib said that he had proposed the hosting of a Malaysia Day at the bourse, to attract US investors into the Malaysian market as well as other markets in the Southeast Asia region.

He said Malaysia could be a gateway for US investors into the ASEAN market, which he described as one of the fastest growing, in Asia.

Morale of the stories : (1) Rich folks come to you when you have the right product. (2) Well, you know...

Take a Bite of the Apple

Recently, and finally Malaysia Telcos Digi and Maxis launched their Apple iPhone 4 packages to milk those smart phone maniac or rather Apple cult followers. With Apple's previous success of 3GS, the sales of 4 are just unstoppable globally as people generally believe the later product has to be better (I reserve my opinion on that, LOL!) Now take a look at its chart, and we get to understand how important "reinvention" is for a company to stay in business and why they are the King of smart phones business.

What's your problem, Mr. CPO?!!

Mr. CPO, you have probably failed an important swing up attempt so far this week! The longer you drag, slimmer the chance you can swing up for immediate term. Show me your true colour. Won't you?

FKLI, a swing down in the making. Sit tight, baby! LOL!

Interesting Week

Pretty interesting week it has been: new High for Gold, Soybean Oil broke out from its range, FKLI sharp correction on Thursday 23/Sep, and at the moment DJIA is trying to hit its 4-month high. What is lacking here? FCPO! FCPO has been behaving rather weird ever since it migrated to the CME Globex. Strong Ringgit Malaysia could be a key factor now holding back the FCPO. Currently it trades about RM3.10 to one US Dollar. Pretty strong level since many many yeart back (I still remeber in those free floating good old days it traded RM2.70 level to one US Dollar). Well, you and I can come out hundreds of reasons trying to explain the current dull price movement of FCPO, but it has got its own free will to move either direction. We can only wait for now, whether you are holding Long, Short or Nothing. LOL!

TechCrunch

If you are of IT Business sector and have not heard about TechCrunch, you are as good as a Malaysian stocks/futures trading blogger have not heard about Ginsing70! LOL!

John Keatley

Cap'n Crunch: Michael Arrington says his style is to “bust the door down and clean the mess up later.”

" alt="Cap'n Crunch: Michael Arrington says his style is to “bust the door down and clean the mess up later.”">

John Keatley

Cap'n Crunch: Michael Arrington says his style is to “bust the door down and clean the mess up later.”

TechCrunch, a San Francisco-based company that publishes the influential blog of the same name, started as a hobby. In 2005, Michael Arrington, a serial entrepreneur and former lawyer, was researching Silicon Valley start-ups and decided to post his findings online. Since then, TechCrunch, which draws about 9.2 million visitors a month and boasts annual revenue of about $10 million, has become the go-to source for breaking news about Internet start-ups and tech companies. Although TechCrunch has 25 full-time employees, Arrington, 40, still spends much of his time reporting and writing. On most days, he works remotely from his home near Seattle, in a cavelike home office. From morning until night, Arrington sits in darkness in front of his computer—blasting music, working his contacts, and focusing on what he loves best: breaking big stories.

2nd Review on Maoxian's SLV

Delicious!

As Flat as a Pancake

Check out this shorter time frame of Soybean Oil chart. My post title says it all! LOL! A little spookily boring actually, whether you are holding Long or Short position on this.

FA Point of View, on Gold

UniCredit has upgraded their target price for gold from $1,250 to $1,600 by the end of 2012. The reason for the upgrade is based on three powerful trends: the fear over “money printing” at the Fed (QE), the idea that the Euro sovereign debt crisis represents a condemnation of fiat money and increasing demand for gold from China.

...

“The Chinese government has encouraged consumers to invest in gold, and with great success. In the last 12 months, demand for gold totaled 532 tons. While jewelry demand is merely stagnating, investors are increasingly discovering the gold market. While as recently as 2008 only 17 tons of gold were purchased, in 2009 the figure was already 73 tons. In the last 12 months, demand was even 143 tons! Although China has evolved into the world’s largest gold producer in recent years, the annual production of most recently 330 tons is by no means sufficient to satisfy this demand.

China announced important gold market reforms at the beginning of August. Foreign companies are now permitted to offer their gold coins at the Shanghai Exchange, more banks are permitted to import gold from abroad, and more domestic, gold-based investment products are to be developed. As a result, demand of Chinese investors will increasingly be felt on the global market. But the Chinese government also has an ever greater interest in gold imports. In April 2009, China had reported an increase in its gold reserves from 19.29mn to 33.89mn troy ounces. Nevertheless, they are still at a very low 1.7% of the entire foreign exchange reserves. If China is targeting a gold reserve of, for example, 10%, it would have to purchase 6,130 tons of gold or 2.4 times global annual production. If China were to meet the demand only from domestic producers, it would take 19 years to achieve this objective. Since the gold market is per se only a very small market, further increases in the price of gold are pre-programmed.”

http://pragcap.com/3-trends-driving-gold-prices-higher

What is "Technical Buying"?

This piece of news should give you good insight.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Market Nuggets: Technical Buying Boosting Comex Gold

14 September 2010, 9:38 a.m.
By Allen Sykora
Of Kitco News
http://www.kitco.com/

(Kitco News)-- Technical buying is playing a big role in the rise for Comex gold, says Charles Nedoss, senior market strategist with Olympus Futures. December gold is $13.80 higher at $1,260.90 an ounce. The market held around support at the 20-day moving average on a pullback late last week. "Last night, we never took out yesterday's low. And we took out Friday's high. So we saw a little bit of stop-loss buying," Nedoss says. "And you're close enough to the new highs that you brought in fresh buying." The move suggests traders still want to get long in gold, he adds. "They are looking to buy the breaks (lower). I think the breaks are becoming less shallow."

By Allen Sykora, of Kitco News; asykora@kitco.com

Now It Gets Very Obvious

And the herds shall follow... LOL!

Gold Price Poised to Test New High - Part V

Here we go again, the weekly chart shows that it is still pressing on towards the all time high! LOL!

Message from a Cliff Hanger

"Time to pick some gold"??? Unbelievable even for me, for which I have been bullish on Gold for quite some time already!!! I believe there were better entries available. Or perhaps this guy is a cliff hanger, who likes to challenge the twin peaks? or maybe just a rational call on rising gold prices at this very moment on both cash and futures markets. LOL!
Nonetheless, if you are a breakout player, you should know where to look at. No kidding.

Now It Gets More Obvious

and it is not helping its cousin FCPO! LOL!

Guess Not!

Further to last nite's SO price actions, guess the US$42 was not convincingly broken yet. This shorter time frame price chart telling the story. LOL!

SoyBean Oil Taking Off!

Shorter time frame of SO prices are now piercing through the 42.00 resistance. This will set the bullish tone for tomorrow's FCPO market action. No kidding. LOL!

So you think FKLI is going down? Part IV

Proven with today market closing @ 1463.5 !! I feel good! LOL!

Review on Maoxian's SLV

Maoxian blogged about it on 26-Aug-2010:






















And this is how it looked like moment ago:


If you wanna learn, learn from the real pro. Never compromise. LOL!

Selamat Hari Raya Aidilfitri

Gold Price Poised to Test New High - Part IV

Look at the comments of Robin Griffiths on Gold. The title of the news might be misleading "Get Out of Gold and Stocks..", until you read the details "unless we hit the April high on the S&P 500 or 1265 on gold, both asset classes are set to make losses, ..."

No joke, this test of new high of gold is so significant on setting path of its future trend.

Gold Price Poised to Test New High - Part III

Another Viagra pattern on shorter time frame today. LOL!










While its weekly chart is on track to challenge its previous high!