Note the diverging money flow, lower prices but higher money flow and a double bottom on the price of Gold. The positive volume bars on the NUGT chart are quite strong. The stocks are leading the metal up as can be seen on the bottom chart.
http://stockcharts.c...69942098762.gif
http://stockcharts.c...69942170075.gif
http://stockcharts.com/c-sc/sc?s=$XAU&p=D&yr=1&mn=2&dy=0&i=p28832736267&r=1369942299912.gif
Positive Money Flow into the Gold Stocks
Started by
Russ
, May 30 2013 02:37 PM
1 reply to this topic
#1
Russ
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- Traders-Talk User
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Posted 30 May 2013 - 02:37 PM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
Russ
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- Traders-Talk User
- 7,375 posts
Member
Posted 05 June 2013 - 03:33 PM
This chart is warning another down move is coming soon...
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p68614594105&r=1370463595141.gif
http://stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=1&mn=0&dy=0&i=p68614594105&r=1370463595141.gif
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
