| | | | Just some observations.....Until SLW and RGLD resolve the weekly 3 black crows (somewhat modified examples, but still 3 solid down weeks), the pressure on the miners is to the downside IMO. The weekly GDX stick shows some promise, but there is some heavy weekly sell volume on other PM related issues. Weeklsy BPGDM is red and indicators have rolled over, are in the process of rolling over. The BPs of the major indexes are green. I do like the look of the weekly Copper chart, which could portend something positive for the miners.....bottom line, I think this week was so fraught with BS that it's almost a throw away.....with more back and forth from the Fed, the debt ceiling, and other unforeseen issues coming our way, volatility and murkiness will reign supreme. |
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