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precious metals A/D line PM A/D line xauyahoo

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#1 fib_1618

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Posted 18 December 2016 - 12:17 PM

Yea, Yellen's suggestion that there would be 3 more interest rate increases in 2017 was just too much to "bear".

 

Now in a reset mode with no tradable low until mid to end January with a challenge of $1050 level likely.

 

A break of $1050 projects to a test of the 2008 lows at $700.

 

Happy Holidays to all!

 

Fib

 

xauyahoo121616.png

 

 


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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#2 MDurkin

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Posted 18 December 2016 - 01:42 PM

Yea, Yellen's suggestion that there would be 3 more interest rate increases in 2017 was just too much to "bear".

 

Now in a reset mode with no tradable low until mid to end January with a challenge of $1050 level likely.

 

A break of $1050 projects to a test of the 2008 lows at $700.

 

Happy Holidays to all!

 

Fib

 

xauyahoo121616.png

 

 

Thanks Dave for the update... Happy Holidays.



#3 senorBS

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Posted 02 January 2017 - 01:30 PM

Dave, did we double bottom or just go to a marginal new low in the A/D line? Be interested to see how it looks now. Gracias

 

Senor



#4 fib_1618

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Posted 04 January 2017 - 02:20 PM

Dave, did we double bottom or just go to a marginal new low in the A/D line? Be interested to see how it looks now. Gracias

 

Senor

 

From this past weekend's "Weekly Breadth Update":

 

"This lower cost of money in the debt asset class had its usual effect on both the Precious Metals and XAU advance/decline lines which simultaneously broke above their declining tops lines this past week as end of the year buying of precious metals made its usual appearance. With that said, however, the Precious Metals breadth McClellan Summation Index (not shown) is still below (-354) its reaction highs (-333) of December 8th (there's that date again), and until this overhead resistance is broken, the continued expectation of a tradable bottom in this asset class around the middle part of January remains on target, though the downside objective in the price of gold of $1050 an ounce is becoming questionable."

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#5 dougie

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Posted 04 January 2017 - 04:53 PM

thanks Fib: WILL BE watching that time frame



#6 MDurkin

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Posted 27 January 2017 - 04:10 AM

Dave hows the AD look now?







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