Heinz chimes in on the gold charts I sent him
Mish:
$CRB
stockcharts.com[w,a]daclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G
NEM
stockcharts.com[w,a]waclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G
stockcharts.com[w,a]daclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G
PAAS
stockcharts.com[w,a]daclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G
stockcharts.com[w,a]waclyyay[pc50!c200][vc60][iUd20!La12,26,9]&pref=G
quite frankly those volumes and divergences on those charts look downright scary.
Time for an oversold bounce or a collapse?
Heinz:
short term, a bounce ---- on account of money flows. but they might collapse thereafter, although i doubt it's going to be that drastic. sometime this year they're probably going to put in a major low - roughly coincident with the low point of the yield curve flattening. |
