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**animilius** · 05-17-2012, 11:49 PM

That may be the bottom... but I don't think so. We are still in a short-term down trend since 2/29/2012. This blip up for the day is not even back to the average point of the regression line in this downward trend. Gold has been in a downward channel since 9/6/2011 and silver since 8/22/2011, bouncing up and down fairly wildly.

The Euro is still tracking sharply downward with no inflection and it could get much worse. The economy is still sucking. No sign yet that the printing presses have been turned loose.

i agree the economy is sucking worldwide.

but the US gov., the EU, etc. are definitely printing. they don't always announce it formally, and give it a name like "QE".

05-17-2012, 11:49 PM	#25
animilius Join Date Oct 2005 Posts 555 Senior Member	That may be the bottom... but I don't think so. We are still in a short-term down trend since 2/29/2012. This blip up for the day is not even back to the average point of the regression line in this downward trend. Gold has been in a downward channel since 9/6/2011 and silver since 8/22/2011, bouncing up and down fairly wildly. The Euro is still tracking sharply downward with no inflection and it could get much worse. The economy is still sucking. No sign yet that the printing presses have been turned loose. i agree the economy is sucking worldwide. but the US gov., the EU, etc. are definitely printing. they don't always announce it formally, and give it a name like "QE".
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