re: "Slider, what your take on $POG lately? consolidation after
a breakout, or a distributive intermediate top that should be
sold over the next few weeks?"
I'll have a lengthy piece on Gold and PM stocks done, and up
on my blog by Monday night. I've got a lot going on right
now, but here's the a couple of quick thoughts...
All cycles generally pass through three phases.
The first is driven by the fundamentals.
The move usually begins from an deeply over-sold base, where
the sector is hated, and both the underlying commodity and
the stocks are significantly undervalued on a historic basis.
The second phase is driven by the technical's.
Values have not quite reached speculative irrationality, but
they are no longer deep value plays. Sentiment remains strong,
the investor base expands, and the story is well known. The
trend is still bullish enough to attract new technical traders,
and to keep old ones in.
The third phase is driven by sentiment and speculation,
otherwise known as extraordinary popular delusions and
the madness of crowds.
Speculation reigns supreme, the story dominates the headlines,
and opines of how "this time it's different" abound. And
extremely over-bought technical's continue to get more so,
as charts go parabolic.
On a long term, big picture basis, I'd say the gold and silver
sector is clearly in the second phase. That doesn't however,
guarantee that a speculative blow off top remains, or is
guaranteed.
But right here, right now, with the old resistance of
$1,000 gold, potentially setting up to become new support,
how could anyone possibly give up on ole' yeller now,
without $1,000 gold being taken out?
Take something off the table here?
Sure, but a complete exit?
Why?!?!
Before $1,000 gold is taken out?
You have to give the old resistance level of $1,000 gold a chance to become new support...
that's trading 101, and a complete no-brainer.
And how 'bout a big picture snapshot of ole yeller?
It's been quite a ride since the leap from black to yellow gold hasn't it?
I'll get some HUI and individual gold stock charts, along with some commentary, up by Monday night.
Have you seen the new film...
"Fall Of The Republic: The Presidency Of Barack H. Obama"
I've got it uploaded to my blog here:
"Why Democracies Fail, The Fatal Sequence, And “The Fall Of The Republic”
Intro:
"Fall Of The Republic documents how an offshore corporate
cartel is bankrupting the US economy by design. Leaders are
now declaring that world government has arrived and that the
dollar will be replaced by a new global currency.
President Obama has brazenly violated Article 1 Section 9 of
the US Constitution by seating himself at the head of United
Nations' Security Council, thus becoming the first US
president to chair the world body.
A scientific dictatorship is in its final stages of completion,
and laws protecting basic human rights are being abolished
worldwide; an iron curtain of high-tech tyranny is now
descending over the planet.
A worldwide regime controlled by an unelected corporate elite
is implementing a planetary carbon tax system that will
dominate all human activity and establish a system of
neo-feudal slavery.
The image makers have carefully packaged Obama as the world's
savior; he is the Trojan Horse manufactured to pacify the
people just long enough for the globalists to complete their
master plan.
This film reveals the architecture of the New World Order and
what the power elite have in store for humanity. More
importantly it communicates how We The People can retake
control of our government, turn the criminal tide and bring
the tyrants to justice."
The film is well done. Watch it tonight and pass it along.
I'd highly recommend buying an original DVD for your library
and you can do so here:
infowars-shop.stores.yahoo.net
And remember, you can make copies and freely distribute DVD's.
...and please do so!
SOTB |
