Posted by CopperMtn on 15th of Feb 2013 at 03:40 pm
Kimble shows a chart that indicates gold may be breaking long
term support. They call a $1300 handle is possible. Lots of "may"
and "coulds" so who knows.
If its not the bottom, then a bigger HS pattern might be in
play. For now though, GDX is sitting right near support.
If that support fails, not sure what comes into play.
"Have we not met somewhere before?" -- Nick Rivers, Top
Secret
Similar to the head and shoulders neckline of death that was
seen in $HUI, $XAU and GDX, we now see the weakest recovery sector
(commercial real estate), it is now entering the broad definition
of a bear market (down on the year, 20% off the highs (almost)) and
is clearly not loving any sort of taper action. When I posted
that GDX head and shoulders I was thought to be mistaken.... all
the money printing would make GDX go to the moon. Well, QE
means low interest rates forever, right? Note bearish weekly MACD
crossover and impulsive nature of down moves.
GOLD COULD HAVE MADE THE BOTTOM TODAY
Posted by FIGO on 15th of Feb 2013 at 11:52 am
Gold could have made the bottom today
im bought a litlle today TRX,MUX,NUGT,GLD
http://stockcharts.com/h-sc/ui?s=$CDNX:GLD&p=M&yr=7&mn=11&dy=30&id=p80653067130
Kimble Charting Solutions
Posted by CopperMtn on 15th of Feb 2013 at 03:40 pm
Kimble shows a chart that indicates gold may be breaking long term support. They call a $1300 handle is possible. Lots of "may" and "coulds" so who knows.
http://blog.kimblechartingsolutions.com/
possible inverse head?
Posted by roger on 15th of Feb 2013 at 11:57 am
https://stockcharts.com/h-sc/ui?s=NUGT&p=D&b=9&g=5&id=t26826025851&r=1360947007811&cmd=print
not for the faint hearted
big volume today on nugt
Posted by wowten on 15th of Feb 2013 at 01:52 pm
big volume today on nugt
If its not the bottom,
Posted by kalinm on 15th of Feb 2013 at 12:32 pm
If its not the bottom, then a bigger HS pattern might be in play. For now though, GDX is sitting right near support. If that support fails, not sure what comes into play.
Deja Vu.....
Posted by kalinm on 22nd of Nov 2013 at 03:01 pm
"Have we not met somewhere before?" -- Nick Rivers, Top Secret
Similar to the head and shoulders neckline of death that was seen in $HUI, $XAU and GDX, we now see the weakest recovery sector (commercial real estate), it is now entering the broad definition of a bear market (down on the year, 20% off the highs (almost)) and is clearly not loving any sort of taper action. When I posted that GDX head and shoulders I was thought to be mistaken.... all the money printing would make GDX go to the moon. Well, QE means low interest rates forever, right? Note bearish weekly MACD crossover and impulsive nature of down moves.
Nice charts Kalinm
Posted by steve on 22nd of Nov 2013 at 03:35 pm
Nice charts Kalinm
Thanks for the article.
Posted by hirahara on 22nd of Nov 2013 at 03:12 pm
Thanks for the article.
see what kind of thrust
Posted by roger on 15th of Feb 2013 at 01:29 pm
this turkey has going into the close -
https://stockcharts.com/h-sc/ui?s=NUGT&p=15&b=9&g=5&id=t95499688195&r=1360952795214&cmd=print
GOLD headed to 1527 - if you try to catch a knife in PMs you will not lose a finger, but an arm and a leg and a head eventually
Posted by elliotwav on 15th of Feb 2013 at 01:35 pm
dont beat around the bush-
Posted by roger on 15th of Feb 2013 at 01:38 pm
just say whats on your mind