Looks like some rough sledding for the general markets.
Gold stocks acting tired, not moving in concert with POG, took profits in TRE today, holding Drooy, NXG, MNG et. al.
FWIW... Chan says fagetaboutit: "investors shall now stay invested until a major sell signal, which could be months or years away. My suggestion? Take up fishing or golf, it will take your mind off the daily fluctuations and away from quote screens."
321gold.com
Hoye is concerned: "It is now time to become cautious.
We have built an amended XAU index to incorporate all the Homestake Mining data that was available before the XAU was created. Using this index we find that the combined levels of the current upside readings in my Exhaustion Index and Summation Index have only been seen in 1908, 1916, 9/22/1933, 10/10/1980, 12/31/1983 and 4/24/1987.
321gold.com
Jimmy S Long and strong. What's your EW take in here? |
