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
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