25 replies to this topic

[senorBS]

From Wednesday's Gold Forecast:

Tuesday did not produce a washout in the gold contract, and these Ganniversary dates do not aways produce an echo on time, so to speak and we usually expect 1-3 days leeway - so it's entirely possible we could still see that echo. Moving along, we had a sideways day in the contract with a little lower low at 1215, with volume about the same. We have no changes to the current guidance - Tuesday looks like a setup day.

is the "Ganniversary" strictly on gold contract and not the miners?

Senor

12/4 on the XAU.

that looks MUY BUENO "so far", HUI saw a marginal new low today and XAU hit 80.78 and yesterday's low was 80.72. Nice work

Senor

[SemiBizz]

Market does the work, I just read the tape... It really helps to have a great long term memory. Makes homework a lot easier.

[Russ]

Market does the work, I just read the tape...

It really helps to have a great long term memory.

Makes homework a lot easier.

Nice work, how long do you see this rally going on for?

[dougie]

Nice work, how long do you see this rally going on for? a day at least it appears

[Russ]

Nice work, how long do you see this rally going on for?

a day at least it appears

[fib_1618]

Nice work, how long do you see this rally going on for?

a day at least it appears

From last weekend's Weekly Breadth Data comments:

"If the interest rate sensitive issues can maintain their buoyancy over the next couple of weeks, this may be our first indication that the markets will be looking for further monetary accommodation by the new Fed Chair, Janet Yellen, when her term begins early next year. This would also be a precursor to seeing a probable bottom in the precious metals asset class sometime in the spring as liquidity excesses begin to rise on a global basis with both the ECB and Japan already providing the cost of money at all time record lows. But for now, the Precious Metals and XAU advance/decline lines moved to new lows this past week, so we'll continue to stand aside there until we start see more constructive evidence that a price bottom can actually be created before jumping on that train."

Patience folks...patience.

Fib