Yes definitely possibly, also if
you look a longer term HUI chart, you basically see a complex
H&S pattern as well. For now I'll give it the benefit of
the doubt, but yes I see the same potential pattern as well.
Even if you are a gold bug, you have to remain objective and trade
the charts, not the doom and gloom news, and the simple fact of the
matter is that most gold stocks look like death.
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Weekend Newsletter Part 2 -
Posted by matt on 3rd of Aug 2008 at 11:33 pm
Weekend Newsletter Part 2 - Commodites
Newsletter
Posted by drorlando on 4th of Aug 2008 at 09:18 am
Thanks for breaking them out, makes it alot easier for us that are swamped!!
gdx h&s?
Posted by efung on 4th of Aug 2008 at 12:13 am
hi matt
the GDX daily chart in your weekend newsletter looks like it could be a complex H&S pattern which would measure to 27!!!
i guess you don't think it is a H&S since you didn't mention that possibility
could you please comment on that
thanx!
Yes definitely possibly, also if you
Posted by matt on 4th of Aug 2008 at 02:16 am
Yes definitely possibly, also if you look a longer term HUI chart, you basically see a complex H&S pattern as well. For now I'll give it the benefit of the doubt, but yes I see the same potential pattern as well. Even if you are a gold bug, you have to remain objective and trade the charts, not the doom and gloom news, and the simple fact of the matter is that most gold stocks look like death.