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Strategies & Market Trends : The Swamp

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To: gold$10k who wrote (366)9/10/2008 6:33:59 PM
From: SwampDogg1 Recommendation   of 491
 
Big boys backing up the truck on the miners before they run the metals. If this continues on balance through Friday kitty bar the door. Volume was there...

Retest and high volume break

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Breakdown and high volume recovery. If it closes above $38.00 on Friday IMO the low is in on the PMs. As much as this is a doggie and I do not own it is important to watch.

stockcharts.com

Leaders starting to lead. Anybody notice this stopped dead right at monthly support and breaks higher on volume. Best technical action in the Pms in many moons becuase we had volume.

stockcharts.com

Silver stocks up despite the metal getting canned. FWIW Ag right at 0.618 retrace of whole bull. Gold getting to 0.382 retrace. Shorts in gold stocks have to be wondering one thing...if the shares go up when gold is down this much what will happen when gold rallies? We are there right here and right now IMO.
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