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XAU/Yahoo advance/decline line precious metals

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#1 fib_1618

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Posted 03 February 2019 - 12:43 PM

Yes, the XAU/Yahoo advance/decline line did confirm the recent move to new recover highs in both gold and silver.

 

So all is well now if you're a gold bug, and it looks like the tradable low expected for December came in a little early.

 

Good Trading

 

Fib

 

xauyahoo020119.png


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#2 Smithy

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Posted 03 February 2019 - 05:01 PM

Thanks Fib, always appreciate your posts.



#3 dougie

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Posted 03 February 2019 - 05:02 PM

thanks Fib.



#4 senorBS

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Posted 03 February 2019 - 07:18 PM

Gracias Fib, sorta thought that had happened, nice to see it in chart form and verified

 

Senor



#5 fib_1618

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Posted 03 February 2019 - 08:30 PM

Gracias Fib, sorta thought that had happened, nice to see it in chart form and verified

 

Well...you (and a couple of others) did "stay the course" on the long side, and now you're being rewarded...nice job.

 

As we all know, the single most important factor when it comes to direction of the metals is that they are joined at the hip with the direction of interest rates. With the cumulative data in the interest rate sensitive issues putting on a show this past week, that's all this asset class needed to get in gear to the upside as cheaper money allows liquidity levels to rise. And as liquidity levels rise, this is also good news for equities as investment capital has to find a home eventually. Since the XAU A/D line is a measurement of a basket of stocks, they too were finally able to break free from the bear market default that devoured everything in sight in December.

 

Let's now see how she runs.

 

Fib

 

P.S. the PM BPI is still under 30%, but it tends to lag direction due to the type of charting technique that's being measured, Point and Figure.


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#6 Russ

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Posted 05 February 2019 - 01:16 AM

Chart that predicted the low in August and was posted on this board, is projecting out to late 2021 for the high on this run. 


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#7 dougie

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Posted 05 February 2019 - 01:52 AM

nice call Russ! Did you heed your own advice?



#8 Russ

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Posted 05 February 2019 - 02:54 AM

nice call Russ! Did you heed your own advice?

Yes I did, I have been long NUGT since August.


"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
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#9 dougie

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Posted 05 February 2019 - 01:46 PM

YEEHAW!



#10 dougie

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Posted 05 February 2019 - 01:49 PM

https://stockcharts....6430&listNum=30

 

 

this look relevant?


Edited by dougie, 05 February 2019 - 01:49 PM.






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