Major Breakout In Gold Stocks About To Occur
http://palisade-research.com/major-breakout-in-gold-stocks-about-to-occur/
Looking at the HUI, we are without a doubt seeing the formation of a triangle price pattern, a pattern that depicts a price range getting narrower because of higher bottoms and lower top
With trading becoming more range bound, and volatility almost at a historical low, this is the calm before the storm.
Which way are you stacking your chips?
The last senseless $2B paper dump was a signal (Goldman Sachs-style) to go long...
I believe metals are going to do well this year including gold and silver.
Yes! We are nearing the apex of the triangle. Huge dark pool prints and block trades in GDX yesterday. The big boyz are positioning themselves, maybe GDP could be a catalyst tomorrow. However I still believe we will break down first to scare off the bulls 1 more time b4 the rocketship up. Lets see
Never seen this much FX marketing rigging in 10 years watching. Duct tape and chewing gum apparently has lifespan also. Fed's thumb on the scale for a month now... S&P 500 VIX 10.03 -1.03 -9.31%
FX is the most rigged market of them all. That said the USD dropped huge this week and yet gold has not made much progress. Another warning sign, which is why i'd be cautious going long gold. S&P could breakout to new highs again soon
If you don't literally hold your gold and silver then you literally hold no gold or silver- if you think ETFs and paper will buy you bread then you are a fool destine to starve.