Iso, thanks. The XAU daily yesterday was a classic in neck candle, which is bearish. The DJ Trans are not confirming the slide in the Dow today, except to put in a possible inverted hammer (bullish). Looking at L2 today, GLG is being heavily shorted, BGO not so heavily, etc. The clown buck is not moving inversely to the POG in like intensity...just looks like a correction on the HUI on lightweight news out of Iraq..
After all is said and done with this POG/HUI move, and the inevitable correction has happened, I will focus on silver going forward. It's industrial uses are what attract me, from technolgy, to desalinization, to....lots going on in this world of stocks...such an exciting time.
Yes, I'm careful here, but at the same time would love to see my IRA explode upwards <g>
Bert |
