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Gold/Mining/Energy : Timberline Resources

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From: sense3/6/2013 5:58:53 PM
   of 104
 
CLASSIC dual daily/weekly pincher chart shaping up in GLD... while the monthly is looking like a bottom chart.

The monthly chart for GLD showing the first ever red in chart history... in the CCI... while prior bottoms had paired lows in money flow with the (not into the red) lows in CCI... this time the money flow is already back up to the level where prior upside accelerations have occurred... and moving up in step wise fashion with step wise declines in price.

Prior bottoms correlate with lows in CCI, stochastics, %R... and money flow.

Only a few of those on the chart history... with right now being a match with or exceeding the prior extremes...

Money flow index... leading CMF... says smart money is loading gold while sheeple sell...

The TA says maybe a month or two away from a major bottom and a rapid reversal, perhaps from 1415 at the mid band... ?

You could also read the monthly as saying that the 10 plus year long bull in gold is ending... and that gold is heading back to and below $400 an ounce... but, then, that would have to be an event occurring on a planet where there were no systemic risks, no risk of exogenous events, where they were not printing paper money as if the objective of monetary policy were to eliminate all the trees on the planet.

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