Wow, the bullish percent for gold stocks is now down to
3%!!! I have never seen it this low, only 1 stock out
of 34 remains on P&F buy, that's EGO. EGO would have to
fall below 5 in order to put it on a P&F sell signal and bring
the BP Gold stocks to zero! Unprecidened for sure
Wow, I did another intra day scan and now only 2 gold stocks in
the GDX remain on P&F buy signals! This brings the
Bullish Percent gold stock index down to 6% (2/34)
Isn't it fascinating. The US in massive debt - more than on
Friday, yet gold can't get out of it's own way. One might have
thought this would be positive for the PM - maybe. Lot's of folks
must know something.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Gold stocks continue to under perform
Posted by matt on 8th of Sep 2008 at 12:00 pm
Gold stocks continue to under perform greatly! Gold stocks down -3.2%, gold up 0.7% ugly!
The bullish percent gold index is now down to 9%! There are 34 components on GDX, only 3 now are P&F buy signals
Wow, the bullish percent for
Posted by matt on 9th of Sep 2008 at 10:07 am
Wow, the bullish percent for gold stocks is now down to 3%!!! I have never seen it this low, only 1 stock out of 34 remains on P&F buy, that's EGO. EGO would have to fall below 5 in order to put it on a P&F sell signal and bring the BP Gold stocks to zero! Unprecidened for sure
Who called the bottom when
Posted by dodgerdog on 9th of Sep 2008 at 10:09 am
Who called the bottom when GDX was at 44 then again at 37? Ouch!!
and at 34, and 32,
Posted by dallahoo on 9th of Sep 2008 at 10:20 am
and at 34, and 32, and ...
the list of pundits is so long. But, that makes the market
Wow, I did another intra
Posted by matt on 8th of Sep 2008 at 12:32 pm
Wow, I did another intra day scan and now only 2 gold stocks in the GDX remain on P&F buy signals! This brings the Bullish Percent gold stock index down to 6% (2/34)
GDX
Posted by junkmaylbox on 8th of Sep 2008 at 12:55 pm
$hui is still on the Friday's low. -Roy
has this ever happened before?
Posted by jbarry on 8th of Sep 2008 at 12:47 pm
has this ever happened before?
that's the lowest I have
Posted by matt on 8th of Sep 2008 at 12:48 pm
that's the lowest I have ever seen it
Considering this unprecidented low level,
Posted by lsherrer on 8th of Sep 2008 at 12:37 pm
Considering this unprecidented low level, wouldn't now be a good time to start scaling into GDX for swing traders?
Gold
Posted by rgoodwin on 8th of Sep 2008 at 12:06 pm
Isn't it fascinating. The US in massive debt - more than on Friday, yet gold can't get out of it's own way. One might have thought this would be positive for the PM - maybe. Lot's of folks must know something.