Posted by robincage1 on 13th of May 2010 at 11:03 pm
the sector pics tell more than the indices to me. Gold was
not shown, obviously it is in a very different pattern. do
you still think it could track independently of the market if we
move down again.?
First of all, Gold has been covered in depth and it is not a
stock sector but I have prepared some GDX charts for tonights
update (yes I have another update coming). In answer to your
question, it could certainly track independently. My advice
is to simply react to the message of the market by following the
charts and refrain from various predictions. For now, GOLD
remains in an uptrend.
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sector action
Posted by robincage1 on 13th of May 2010 at 11:03 pm
the sector pics tell more than the indices to me. Gold was not shown, obviously it is in a very different pattern. do you still think it could track independently of the market if we move down again.?
First of all, Gold has
Posted by steve on 13th of May 2010 at 11:09 pm
First of all, Gold has been covered in depth and it is not a stock sector but I have prepared some GDX charts for tonights update (yes I have another update coming). In answer to your question, it could certainly track independently. My advice is to simply react to the message of the market by following the charts and refrain from various predictions. For now, GOLD remains in an uptrend.