lots of good information above. jabat its tough to read the dates on the chart, but i think the lows occur in the seasonal weak time of year???
the commercials have greatly reduced their short positions in gold/silver. the resistance is 1261 then 1277, which is about where the major downtrend line comes in off the highs. then 1293 resistance. will gold take out the downtrend line this time??
miners perform best in a stag or inflationary environment. there is no mania at all in this sector , valuations shout that. it will come as the fed keeps hiking rates. and i think the hiking of rates gets the bankster qe money ball out of the fed and into the frbanking system to be lent out. of course who is left to borrow.???
@the height of the housing bubble in 08 arrears were about 10% auto loans are edging into that area.
i am waiting to see what the tax on gold imports will be in india. lots of #s bandied about. the black market is a force because of the 10% tax.
we could be on the verge of an explosive move up, or its just more backing and filling and waiting
chasing price is the door to catching a beating. yes , the woodshed is always right there in this sector. there is always an opportunity to buy an oversold condition
dharma
