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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.98+0.2%Dec 4 4:00 PM EST

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To: long-gone who wrote (45118)11/17/1999 9:25:00 PM
From: PaulM  Read Replies (1) of 116796
 
Amazed how many stock bears have caved when the big picture could not be telgraphing more clearly that the stock bull is over and has been for some time.

This smoke and mirrors CNBC soundbyte market is truly working some magic.

Here's the reality: only 35% of NYSE stocks are trading above their 200 day moving average.

decisionpoint.com

To put this in historical perspective, this stat has been in steady decline for two years now, longer than the aftermath 1987 crash, longer than the 1990 recession, longer than the 1994 pause.

decisionpoint.com

(You can also see friom these the impact the PPT had on the big, widely known averages as compared to the market investors are actualy faced with since its formation in 1987).

Add to that:

Silver, palladium and platinum put in long term lows long ago.

Gold put in its long term low this year.

Oil headed toward gulf war prices with no war!





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