Target remains at 95.00, an updated chart below..
GOLD
For a summary of this and other Target please go to Summary of Market calls
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Update on Gold (GLD)
First the chart..
Gold
Then the guess: On our last post GLD was at 107.17, We still think that this is going to $95.00 (at least), with some bumps along the way.
GLD – A Chart and a guess
First the
Weekly GLD
chart..
And now the guess – GLD to go to 95.00 ish.
Black Friday
On the Original Black Friday a plot to manipulate the Gold market by a couple of very well connected speculators (Gould/Fisk) was ended by the President (Grant) lying to the people. Along the way a lot of people went bankrupt and several banksters died (hung by mob). I wonder what the modern equivalent will bring. The orginal trade blotter from Sep 24 1869 is thus:
Black_Friday_1869
Interestingly the investigation into the original scandal was headed by Andrew Jackson who later became president. His investigation revealed, to the public, very little. I wonder what he really found out?
