Arik T G,
A well deserved recap of some great TA market calls, keep up the good work.
REVery interesting candlestick pattern in the HUI - we had 7 (seven!) small bodies in a row, and a nice white candle today (so far).
Usualy 3 small bodies in a row and a move the other way is enough for trend change.
Also the futures had a false break yesterday below the 317.5 support but closed above it.
That leaves me with the conclusion that the ST trend in Gold is now UP.
Excellent, I was beginning to think no one else noticed!Seeing the very same pattern reaching for an apex motivated me to add to my gold positions "up to the neck" yesterday.
Unless I am mistaken, (and I could be, as I am only home for lunch) there is no "smoking gun" news to this POG XAU/HUI move besides the evident TA. This is the best confirmation for a large move to me. All the best moves have little or no news reasons for the move the first days of the move, based on observations of the gold mkts the last twelve years.
Consequently, I am now returning to my woodland pursuits
with confidence, no soliloquies today, ggg.
PS, Also a congratulatory slap on the back to nspolar, who thought today would be an "interesting" day for golds!
Best Regards,
Roebear |
