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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Davy Crockett who wrote (16030)	6/10/2014 4:13:27 PM
From: Davy Crockett	Read Replies (2) of 33421

Hi Kahlua, I hope that you were able to profit from the explosive move in GOLD today. All my lagging indicators have suggested that GOLD is a buy today, which explains the meteoric rise in funds buying the old relic yellow metal. (The big boys tend to be followers, and if conditions are right then they move in, they look at the TA & then figure it out or computers figure it out for them, for example I have been pounding the table about buying GOLD, I suggested that on May 30th, on this thread that there were a lot of divergences at work (ie: Canadian GOLD/Silver stocks stopped going down and started to rally. Technical indicators not confirming the downward trend in GOLD for example... I look at the whole picture (TA & fundamentals and stated here that it doesn't take much to figure out that GOLD has been on the move for the last 10 days)). Funds or somebody(s) or someone is buying on the sweet technical analysis that I presented well over a week ago on May 30th. For example JNUG is a sweet 15% move on the upside just today. I'm am very happy that I was lucky enough to read the TA analysis correctly and bought what I said I would buy. This has been a great day! Great week! and off to a great start in June. references: Message 29558528 Message 29563636 Message 29567580 Lot's of people don't believe me, but I'm pretty good at calling bottoms and tops. It bothers me, but I try to not let it get to me as it interfere's with my investments (I'm strictly a TA guy - who can sometimes read a chart). All FWIW only. Enjoy your day Kahlua, this type of action doesn't come around that often. Davy

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