CHECK THIS OUT!!!
Some history...
How much time back should we go to understand the relationship of GOLD and Currency?
The French Revolution seems to be the key event...where all started, the oldest price we have records for pricing gold comes from 1792, on those dates they tried to find a way to create paper money & bonds...
"Assignats were paper money issued by the National Assembly in France from 1789 to 1796, during the French Revolution. Backed by the value of properties formerly held by the Catholic Church, the assignats were immediately a source of political controversy. While their proponents, like other eighteenth-century advocates of "land banks," argued that land was a more stable source of value than was gold or silver, the assignats' opponents saw them as based on an illegitimate seizure of property."
On those dates Gold price was of $19.39
That price hold same price value for GOLD for next years untill 1814.
Why??? What happened??
Napoleon was Defeated, Napoleon was against the Assignats, and when he came to power the Assignats lost all theyr value.
"Coins, a reflection of the political events of 18141815"
In 1814 when Louis XVIII ascended to the throne of France, France changed its flag. Its coins, however, were merely modified to carry the king's portrait. There was a possibility that in modifying the coinage, Louis XVIII could have broken the reforms of the Revolution and returned to the duodecimal system and the livres of the Old Regime. But the new coins were struck with the same weight and fineness envisaged by Napoleon in the law of the 7 Germinal year XI, with one effigy (Louis XVIII) replacing another (Napoleon I).[20]
On that year GOLD prices started to be valued Globally As currency.
So, THE FIRST VARIATION OF GOLD WAS from $19.39 price to $21.79. it was a $2.4 variation.
THEY TESTED GOLD PRICE VARIATIONS FOR 3 YEARS, AND FROM 1816 TO 1822 GOLD PRICE WAS VALUED BACK AGAIN TO $19.39.
LETS DO AN EXPERIMENT
$19.39 + $2.4 +$2.4 + $2.4 .......
Lets build a Grid with those price, just history
BUT HISTORY CAN PREDICT US THE FUTURE
IM TEACHING OF FIBO AND GOLDEN PRICES SETUPS AND HAVE INDICATORS AND TESTED STRATEGY, U CAN CHECK AND JOIN HERE
http://www.forexfactory.com/showthread.php?p=9369245
Some history...
How much time back should we go to understand the relationship of GOLD and Currency?
The French Revolution seems to be the key event...where all started, the oldest price we have records for pricing gold comes from 1792, on those dates they tried to find a way to create paper money & bonds...
"Assignats were paper money issued by the National Assembly in France from 1789 to 1796, during the French Revolution. Backed by the value of properties formerly held by the Catholic Church, the assignats were immediately a source of political controversy. While their proponents, like other eighteenth-century advocates of "land banks," argued that land was a more stable source of value than was gold or silver, the assignats' opponents saw them as based on an illegitimate seizure of property."
On those dates Gold price was of $19.39
That price hold same price value for GOLD for next years untill 1814.
Why??? What happened??
Napoleon was Defeated, Napoleon was against the Assignats, and when he came to power the Assignats lost all theyr value.
"Coins, a reflection of the political events of 18141815"
In 1814 when Louis XVIII ascended to the throne of France, France changed its flag. Its coins, however, were merely modified to carry the king's portrait. There was a possibility that in modifying the coinage, Louis XVIII could have broken the reforms of the Revolution and returned to the duodecimal system and the livres of the Old Regime. But the new coins were struck with the same weight and fineness envisaged by Napoleon in the law of the 7 Germinal year XI, with one effigy (Louis XVIII) replacing another (Napoleon I).[20]
On that year GOLD prices started to be valued Globally As currency.
So, THE FIRST VARIATION OF GOLD WAS from $19.39 price to $21.79. it was a $2.4 variation.
THEY TESTED GOLD PRICE VARIATIONS FOR 3 YEARS, AND FROM 1816 TO 1822 GOLD PRICE WAS VALUED BACK AGAIN TO $19.39.
LETS DO AN EXPERIMENT
$19.39 + $2.4 +$2.4 + $2.4 .......
Lets build a Grid with those price, just history
BUT HISTORY CAN PREDICT US THE FUTURE
IM TEACHING OF FIBO AND GOLDEN PRICES SETUPS AND HAVE INDICATORS AND TESTED STRATEGY, U CAN CHECK AND JOIN HERE
http://www.forexfactory.com/showthread.php?p=9369245
