Sounds complicating but I'm sure you have it all under control, and yes, I am aware of the gaps you speak of.
I'm waiting to see if MUX takes out its $2.77 high, it was last here on June 12th but it closed at $2.73 that day, so we do have a higher close and an equal high, this is bullish of course, we should see a continuation tomorrow, unless of course TPTB deny it.
MUX's gap is a break-away gap, the open is the low, so Ive seen stocks with these types of gaps move yet higher and some never come back, but hard telling in this sector, too many things lurk in the shadows, besides, ... those were days well before the wold wide web came online, things have changed, what worked back then can easily be distorted with the high tech tools the players have these days.
Whats concerning about all of this is that Gold has not participating, Silver, for the past couple of months, ... is blowing gold away.
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But if you look back for a full year, Gold is still leading. This tells me that Gold is still in the hands of TPTB and all that's going on now is that Silver is playing needed catchup, and I stay cautious due to this fact.
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So now we look at GDXJ and line it up on a 1-year comparison, you can see that GDXJ rarely stays above gold for long, its a follower.
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And when you shorten the time frame to just a couple of months, ... its way ahead of itself.
I am sensing an eventual Bear Trap.
JMO, I could be very wrong, so its something to think about nevertheless! |
