Funny, Larry McDonald sent out a Bear Traps Report to sell all
miners today. Not that anyone should care about either report apart
from testing their own approach if perhaps too bullish or bearish.
That said, building positions at these levels is a much different
thing than trimming and trailing, so edge to Larry.
Gold is still moving down in multiyear channel. Should cross
above 1256 to signal any incoming bigger change. I believe ratio
between silver and gold should be changing before gold jumps up.
Historically it should be 60:1 and current ratio is 69:1. So, we
need silver to outperform gold in shorter terms
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Funny, Larry McDonald sent out
Same author, on Gold Eagle as Sentiment speaks on Seeking Alpha
Posted by a_l_ on 7th of Feb 2017 at 11:44 pm
Funny, Larry McDonald sent out a Bear Traps Report to sell all miners today. Not that anyone should care about either report apart from testing their own approach if perhaps too bullish or bearish. That said, building positions at these levels is a much different thing than trimming and trailing, so edge to Larry.
Gold is still moving down
Posted by mulisko on 8th of Feb 2017 at 09:06 am
Gold is still moving down in multiyear channel. Should cross above 1256 to signal any incoming bigger change. I believe ratio between silver and gold should be changing before gold jumps up. Historically it should be 60:1 and current ratio is 69:1. So, we need silver to outperform gold in shorter terms