I see what you mean. Jan 24th looks very similar to today.

Thanks again.

Ditch - really appreciate all of your charts and analysis. Have a question for you (or anyone) about the tick divergence which has been in place all day. Could this condition indicate "Buying on Weakness"by da boyz? If so, it should, in fact, be followed by a strong rally as your timing model indicates. Thoughts?

Thanks.

All kinds of discrepencies between Trade Station and StockCharts on GDXJ charts - ie, high on Dec 20th.....TS shows 26.88 and Stockcharts shows 25.21

Possible H&S setting if we turn back down - neckline around 119.20

I think they have been loading slow for the past several weeks.

Tom - I spent many years in retailing  - holiday hiring begins in late October and is completed by mid November. The amount and timing of temp hires is based on year-to-date business conditions. Businesses having a tough year will keep holiday hires to a minimum and hire as close to the season as possible.

Hamvestor - The MACD Histogram on StockCharts that Matt shows on 30 and 60 min charts gives great signals.

30 min - 25,170,25

60 min - 12, 85,12

Isherrer - I trade MCP using a 60 min MCP:$SPX ratio trend line break - like the GDX:GLD ratio trend line that Matt uses with the 15 and 60 min GDX charts. It works great. I wouldn't necessarily use it for REMX - they don't always move in parallel.

Positve MACD divergence may be setting up on 60 min TBT

Corporate offices in Vancouver - no mention of Bermuda base on website, but could still be Bermuda based. i just checked their website and have a second startup called Sandstorm Metals and Energy - they are applying the same concept in base metals and energy. Very interesting.

SND.V  last traded at $.53

Sandstorm Gold  (SSL.V  or  SNDXF) was fouded by the Cfo from Silver Wheaton.

It functions just like SLW - only in gold

Matt - You are freakin' amazing - what a great system. Also like the ATR trailing stop indicator you've been showing lately. Can't wait!

Well said - this downdraft will probably be engineered to increase in severity by the banksta's right up until their puppet congressional lapdogs have sufficient proof that the sky IS falling and raise the debt level so more banksta bailout money is readily available and they can proudly announce to their constituency that they had to do it.........or else!

Markets should head south until August.

Good point Cubby. The banksters have a record of plunging the market at key congressional times - i.e. Tarp  is a good example and also the "flash crash" occurred the day of a ckey ongressional vote regarding the financial industry.

Also, there is a cycle  LOW(believe it's a 3 yr cycle) due around Aug /Sept. That would fit nicely with your premise. So, maybe we don't get a bottom until August 6th - or after - when there is a debt ceiling resolution. That may be a great time to go long!

http://www.sprott.com/Docs/InvestorsDigest/2010/MPLID_112610_pg401Emb.pdf

Interesting PM article by Clive Maund:

http://clivemaund.com/article.php?art_id=68

Recently read an article that the large silver shorts (JP Morgan & da boyz) are trapped and will have to cave in if silver goes much higher - so they will defend the $29-$30 area aggessively.

Steve - Excellent newsletter!

Thanks

rank10 - Been watching this also - fundamentals are very good - they got the green light on their Mongolian coal project and the cash flow will allow them to ramp up their  other projects. Please make a post when you see a buy opp.

Thanks for the great updates.

Thanks for the timely updates - they help keep me centered.