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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.
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To: The1Stockman who wrote (1735)4/4/2014 3:27:58 PM
From: Robov1 Recommendation

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StemuliteWorks

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Actually Jammes I don't see the lack of volume quite as you do. In fact the lower volume tells me that at this point anyways, sellers have dried up. That said, the lack of volume also says buyers aren't stepping up to the plate either. So, and I think you mentioned it, we are in a holding/basing pattern while some sort confirmation of direction is established. The 2.30/40 range has clearly been a proven area of buyers in the past and has held once again this time. I think if gold establishes that it is going to move higher and does that we could just as readily see volume increase and MUX take back off to the upside. If gold can hold the 13 handle and close above the 200 SDMA at 1297 that is at least a start in the right direction. A move above 1310 and the 50 day would have been even more bullish. Gold has consistently higher lows since Tuesday with a good strong finish to the week which doesn't happen often on Friday's in gold, especially a NFP Friday. Today's miss in the employment numbers is/was a confirmation that the lousy numbers over the past several months had nothing to due with the weather, which I already knew, and everything to do with a continuing, floundering economic recovery. Not only in the US, but Europe, Japan, and now even China. Things are only going to get uglier as the reality of this Fed/MSM fueled Bull Sheet recovery sinks in and the dominoes that have started to fall in China pick up speed, never mind the bad data in the US and Europe. As the printing/currency wars pickup speed and continue there will only be the one true safe haven left and we all know what that is. That's why we're here. Patience Grasshopper.

Oopps, just looked at the MUX chart and what a waterfall.
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