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Politics : Technical Analysis

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From: Robov1/3/2014 1:58:55 PM
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Not liking the action in the miners today in the sense that with gold up over 1% again just over half my miners are red. You mentioned Sunday night antics in the metals in a earlier post Jammes and if history is any indication an off day in the miners when gold is positive is a precursor to a raid in the metals in the session following. And you showed what has happened the last few times gold has tried to get and stay above the 50 EMA. I use the 50 SMA and the last time we managed a close above back in mid December as you pointed out price was summarily crushed back below. That said I still think there is room to move a little higher and up to the 50 at least at 1250
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