HUI turned away again...
Turned away again at the gate to the "promised land" - big NEM was no help today...might have to finish gap filling down around 32.80.
Dent in the DMI for the HUI and a still questionable PPO are problematic. Actually, I felt GOLD held in there above $350 pretty well today...higher dollar and all that....If the "Crusty Swoon" does get us perhaps this is just a pause before the "break on through to the other side." Meeting by the ECB next week, I think it is, may keep things confused and on the defensive for a bit...holding about 151 HUI now will be a good sign of strength...
HUI
stockcharts.com[h,a]dbcaynay[dc][pb40!c200!f][iut!Ul14!Ue12,26,9!Lya7,14,28!Le12,26,9!Ld20]&pref=G
NEM
stockcharts.com[h,a]dbcaynay[dc][pb40!c200!f][iut!Ul14!Ue12,26,9!Lya7,14,28!Le12,26,9!Ld20]&pref=G
Check in with Gallemore - scroll down about half way...
Gold has no momentum, an accelerating downtrend line....looks like retest, then quick base in the mid $340s the most likely course....anything through $355 is a green light..
chartingyourfutures.com
Happy 4th to all long PMs. |
