above 1805 and its game on
#141
Posted 14 February 2013 - 03:29 PM
#142
Posted 15 February 2013 - 05:32 PM
HGNSI collapsed 18.8 points yesterday to -12.5% which was last seen during the first 7 sessions of 2013 when Gold made its current low for the correction since October. MarketVane’s BC at just 55% (and both probably even lower as of today).
sure looks like someone is accumulating
dharma
Dharma, I'll be interested to see the latest HGNSI reading after Friday's carnage, TIA
Senor
#143
Posted 15 February 2013 - 08:23 PM
[quote name='blacktooth' date='Feb 13 2013, 09:50 PM' post='646943']
A long-term view of GDX shows that while equities peaked in 2007, GDX was in a range between 31 and 41. Perhaps that is its natural range:
http://stockcharts.c...amp;a=283174436
On a shorter term basis, I don't think this has bottomed yet:
http://stockcharts.c...amp;a=283174436
#144
Posted 16 February 2013 - 11:05 AM
Edited by senorBS, 16 February 2013 - 11:12 AM.
#145
Posted 17 February 2013 - 03:18 PM
There was no POMO by the Fed to push the market up today. I'm afraid that we will break 39 if stocks break down next week.
...long-term view of GDX shows that while equities peaked in 2007, GDX was in a range between 31 and 41. Perhaps that is its natural range:
On a shorter term basis, I don't think this has bottomed yet:
http://stockcharts.c...amp;a=283174436
Yes, agree. Once GDX breaks the 38 pivot, 31-35 appears to be the next playing field (i.e., bottom half of the range).
Edited by beta, 17 February 2013 - 03:18 PM.
#146
Posted 20 February 2013 - 02:29 PM
There was no POMO by the Fed to push the market up today. I'm afraid that we will break 39 if stocks break down next week.
...long-term view of GDX shows that while equities peaked in 2007, GDX was in a range between 31 and 41. Perhaps that is its natural range:
On a shorter term basis, I don't think this has bottomed yet:
http://stockcharts.c...amp;a=283174436
Yes, agree. Once GDX breaks the 38 pivot, 31-35 appears to be the next playing field (i.e., bottom half of the range).
I am surprised at the lack of conversation about a LT top in Gold at $1900. Against all other assets Gold was very overvalued at that price.