pascoe-meter update, page-9

The frequency of the abuse is intensifying, and he beats on both gold & silver this time.
The recent breakout to 1450 after his recent comments is barely visible on this chart.

I see a triangle here thats been forming since mid-2010 (disclaimer: Crap technician). Im speculating the AUD is poised to let go this year as the aussie retail/housing market issues begin to bite & the RBA stops tightening.


1) Sep 10, 2007 - "Gold bugs losing their bite"
2) Sep 14, 2009 - "Gold drops 25%!"
3) July 28, 2010 - "Time for gold bulls to feel a little fear"
4) Mar 18, 2011 - "Buy iodine, sell gold and forget the Aussie"
5) April 27, 2011 - "Rich rust beats dull old gold"
6) May 24, 2011 - "No silver lining in this cloud"




Refs:
1) http://www.superliving.com.au/storyview.asp?storyID=117879§ionsource=-+Finance+Story+of+the+Week
2)http://www.theage.com.au/business/gold-drops-25-20090914-fmk9.html
3)http://www.theage.com.au/business/time-for-gold-bulls-to-feel-a-little-fear-20100728-10us5.html
4)http://www.theage.com.au/business/buy-iodine-sell-gold-and-forget-the-aussie-20110318-1c005.html
5)http://www.smh.com.au/business/rich-rust-beats-dull-old-gold-20110427-1dvos.html
6)http://www.smh.com.au/business/no-silver-lining-in-this-cloud-20110524-1f1qo.html