Argument for huge Gold rally

The gold bull has been moving in very reliable Elliott Wave and Fibonacci patterns for many years now, but once in awhile the waters get a little murky for sure. Recently we have seen a fair amount of volatility near year end as position squaring and year end machinations take hold. With that said, it does appear that Gold should be poised to power higher near term, and I’m looking for a completion to a 5 wave rally that began from about ,040 per ounce in February of this year.

Over the past several weeks, I see a clear Fibonacci trading day relationship on Gold’s swings from pivot highs to pivot lows. 8 days of correction, 13 days of rally, 8 days of correction is the recent pattern over the past 5 weeks or so. Below is a chart outlining these crowd behavioral based patterns that I rely on for both my trading service and market forecasting services.

You can see the clear relationships, confirmed by the stochastics indicators at the tops and bottoms as well.

Based on the recent patterns, I believe we completed a minor wave 3 from the February bottom at 24 a little over 5 weeks ago, and had a shallow period of 8 days to complete a wave 4 to ,330. Now, we are in the final 5th wave up pattern to complete an entire 5 wave move from February of 2010. In the near term then, I’m expecting a pretty strong rally from this recent 65 area to at least ,480 per ounce, and eventually a good shot at completing the structure at 25 ranges. Short term, we should begin a wave 3 up here, followed by a 4th wave correction, and then a final and terminal 5th wave. Below is a multi- month weekly chart view of where I see us heading and where we’ve been.

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==>Why Gold is About To Power Higher to Complete a Big Rally

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The Red Bull Market Rally

Last week marked an interesting point in what I like to call the “Red Bull Rally”. I say the Red Bull Rally because, just like that powerful energy drink, an incredible high is followed with the inevitable subsequent crash. Throughout the past several months we have seen the markets shaking loads of bad news and rallying forward. Every time there was something that even remotely resembled good news the markets took off in classic Red Bull fashion. However, it looks like the energy high has worn off with a dose of reality in the way of jobless claims.

Yesterday, the unemployment report surprised us with rising claims instead of a decline as forecasted by economists. Were these economists awake when they were forecasting a decline? How anyone with even a remote understanding of economics could think that the recent jobless numbers are surprising is beyond logic.

Our manufacturing capacity is hardly being utilized at around 65%, consumers are saving more money and not spending, mortgage delinquencies hit a record high in Q2 (also reported yesterday in A.P.), and we are just about out of the economic stimulus that we all so generously contributed. How could there be an expectation that employers are hiring? Not to mention the fine print on the housing sales surge being reported today by the Associated Press. What is the fine print you ask? Sure sales went up 7% but inventories from June to July rose a whopping 9% to a total of 4.1 million unsold homes or a 9.4 month supply of inventory. Not attractive numbers even for someone high on the Red Bull Market. Not to mention, we should ask ourselves how much the sales would have rose, if at all, had all this artificial stimulus not influenced it?

In our next few articles we will be getting into the premature announcement of victory over the recession by government officials but for now let’s keep a few things in mind.

If we all could sit back and absorb the actual economic circumstances that are taking place in front of our eyes, we could then be in a position to start over on solid ground. There is only so much stimulus can do without meaningful commerce taking place in a free market process. The market may be up today, but tomorrow is a different day. It’s like trying to drink that 10th can of Red Bull to get that original burst of energy back. Sometimes, you just need to go to sleep and start over again in the morning.

Copyright: Dominic Mazzone, Regent Global Funds 2009

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Mahindra Stallio Great Indian Ride culminates in Nagpur Mahindra Stallio riders spread message of safety in unique pan India rally

Mahindra Stallio Great Indian Ride culminates in Nagpur

Mahindra Stallio riders spread message of safety in unique pan India rally

Nagpur: The Mahindra Stallio Great Indian Ride, a unique pan India rally presented by Mahindra 2 Wheelers and www.indiabikers.com reached its grand finale in Nagpur today. The rally consisted of 20 bikers riding the Mahindra Stallio in an adrenaline charged journey across the length and breadth of India. En route, the convoy spread the message of safe riding as they passed through each destination.

The 20 bikers were divided into four teams consisting of five members each and covered a total distance of approx 24,000 km. The rally was flagged off from the four corners of India – Manali in the North, Goa in the West, Gangtok in the East and Kanyakumari in the South from November 22 – 25, 2010. Each team had a dedicated support crew accompanying it which provided necessary assistance.

On reaching Nagpur, the teams received a warm welcome, as they shared their experiences of riding the Stallio across India.

“By successfully completing the Mahindra Stallio Great Indian Ride, these bikers have proved that biking is about fun, camaraderie, shared experiences and above all, safety. Each of the bikers has shown a lot of grit as has the Stallio has shown a lot of endurance. On this journey the bikers have discovered that the Stallio is a like a second soul mate for them.

I would like to congratulate each and every one of them for successfully completing this challenging journey.” said Mr Devendra Shinde, Vice President Marketing Mahindra Two Wheelers.

“En Route the bikers have been visiting dealerships and meeting consumers. The bikers have covered over 300 dealerships in over 250 cities. They have been sharing the positive experiences they have had on this adventurous journey through different terrains and geographies.” said Mr Sanjay Mittal, Vice President Sales & Customer Care, Mahindra Two Wheelers.

The Mahindra Stallio Great Indian Ride is an example of Digital and on ground event can be successfully done to reach out one’s potential target consumers. Each team of bikers has been capturing its experiences through photos, videos, and blog posts uploaded on www.indiabikers.com on a daily basis. Videos of each leg of the journey can also be viewed

Participants were selected on the basis of an online ‘Dream Jobs’ contest announced a few months ago on www.indiabikers.com. The contest received an overwhelming response from bike enthusiasts across the country, with over 20,000 registrations. However, only 20 lucky winners (including two ladies) made it to the final list. Prior to the flag off, the bikers attended a Boot Camp in Pune from 15th to 18th November where they were briefed on safe riding practices and attended sessions on motorcycle maintenance and team building.

Each team had a dedicated support crew which provided necessary assistance .All their fuel, lodging, boarding, insurance costs, etc., have been taken care of by Mahindra. In addition, they receive a stipend and requisite safety riding gear. As an added bonus, they will also get to ride their Stallios home at the end of the event.

Indiabikers.com is the collective effort of a group of bike lovers who wished to create a platform for motorcycle enthusiasts across the country to share their experience of owning and riding motorcycles. The founders aim to develop an online and offline community for bikers who can log on for advice and information related to two wheelers in general and motorcycles in particular, as well as create a movement of bikers. The site will soon incorporate blogs, maps, fora and a host of information and tools which will allow users to create their own groups, share their experiences and comment on others’ posts.

About The Mahindra Group

Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US .1 billion Indian multinational. It employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, aerospace, after-market, real estate, hospitality, logistics. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image.

Mahindra is the only Indian company among the top tractor brands in the world. It is today a full-range player with a presence in almost every segment of the automobile industry, from two-wheelers to UVs, SUVs and CVs. Mahindra has acquired a majority stake in REVA Electric Car Co Ltd. (now called Mahindra REVA), strengthening its position in the Electric Vehicles domain.

The Mahindra Group expanded its IT portfolio when Tech Mahindra acquired Satyam Computer Services, now known as Mahindra Satyam.

Its flagship company Mahindra & Mahindra Limited has recently earned the distinction of being the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure  Leadership Index in India,- 2010, created by the Carbon Disclosure Project (CDP). CDP is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world.

For further media enquiries, please contact:

Atul Malikram

09827092823

pr@atulmalikram.in

 

 

 

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