Hi Country Boy,
Gold is still in a strong weekly uptrend. Considering the fundamentals of the industry and all the geopolitical rumblings I expect gold is worth accumulating in the 380 to 410 range. I would not be surprised to see gold at 565 and up this year.
stockcharts.com[h,a]waclyyay[df][pb50!b100!f][vc60][iLb14!Le12,26,9]&pref=G
The US dollar is still in a pretty firm weekly downtrend. The chart shows no signs of a turn to me, and, even though the odd double bottom can always cause a short term bounce, there would still be a lot of work to do to start a real uptrend.
stockcharts.com[h,a]waclyyay[df][pb50!b100!f][vc60][iLb14!Le12,26,9]&pref=G
Seasonal trends in the market are practically traditional, aren't they? It doesn't often go against me to buy into the October lows, sell into January highs, buy into the March lows, sell into the May rally. Last summer those who sold in May missed a summer rally that never seemed to end, so I guess there are exceptional years.
Edit: Forgot to add, have noticed the FSESX tracking the OIH quite well.
stockcharts.com[h,a]waclyyay[df][pb50!b100!f][vc60][iLb14!Le12,26,9]&pref=G
I've started a little SPN. Any thoughts on this chart?
stockcharts.com[h,a]waclyyay[df][pb50!b100!f][vc60][iLb14!Le12,26,9]&pref=G
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