Thanks Slowmo, I enjoy this type of music more and more these days in my travels, I guess age has something to do with it, its something I would not have even consider 20 or 40 years ago, ... lol, ... its to the point that I would rather listen to this version, rather than the original version I grew up with, ... youtube.com ... Ha! ... like all men, ... we are more visual than any other species, and that includes the ears.
Whats fascinating is that you can take any instrument, take any song and make it work, ... like this, ... youtube.com .
Life does exist beyond MUX, and I visit that board once in a while, and I appreciate those that take the time to help others, like Rob and Wolf, and as you know, ... the market will do what it will, nothing we do will change it, its under strong influence, and the streets mission is to part you from your money.
Now Regarding MUX, ... and I still own a little bit (25.6-K shares), as I am more committed on building a large physical position, mostly Silver.
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If it can't hold yesterdays low (10/08/2014 @ $1.66), then we could still see the mid $1.50s next.
Since dropping below last Decembers lows (ie: $1.70s), ... Its past two prior lows have been $1.65 and $1.63, anything below these lower numbers opens up an area you and I talked about over a year ago, .. the low $1.50s and lower, but I dont think it will see levels below this range and if so, ... not for very long, they will be scooped up quickly.
Here is the chart that shows the $1.62/63, and look at this weeks volume, ... screencast.com ... nothing to write home about.
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Here is a 15-minute chart that does not impress me, volume is weak for a bottom, all I see is a gap that filled, ... screencast.com
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Here is a 1-hour chart and I dont see any above average volume conviction, all I am seeing is a lower hourly pivot fill for now (black circle), as the 60-minute gap filled, ... screencast.com ... anything below the pivot or especially a close below it (ie: $1.76), ... I would read more bearishness into it.
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Even on this Daily chart, I dont see what I would like to see, strong volume and follow through, most of the volume was on the way down, not much going the other way in the past couple of days, ... screencast.com .
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Here is a monthly chart showing us the two prior lows. If we drop below the those two lows inside the black circle, you can count on seeing prices in the $1.50 range, and quickly, ... screencast.com
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Taking you back to a daily, ... going back to 2009, ... we can see a H&S pattern take took place, ... screencast.com . Those little black circles are where its share price stopped the last time it visited the low $1.60s, ... so you can see the importance of a SOLID stand right hear and now.
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The last MUX chart I'd like to show you is another monthly chart, it points out a monthly pivot that never filled at $1.45 and I am not advocating that its mission lower is in relation to this open pivot, but its good to know of its existence, ... screencast.com
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In closing, ... and you know how long my work scheduled is anymore, ... I dont have the kind of time I used to have, coupled along with the lack of contributors and participants from my past boards, I decided it was time for me to read more and post less, as I've been doing, and I also encouraged many of the MUX share holders to go back to the MUX board, its still the Best board on SI and of any MUX message board on the Net, ... but I did take a look at something that I've been watching for most of this year and it looks like its ready to break loose, I am talking about the U.S-$ and its historic relationship to the S&P and Gold.
Here is what I found, and I posted it on an SI dollar board, Message 29740121 .
Here is what the $ looks like exactly a week later, ... screencast.com
Its lost a full dollar, as it moves down to and below its 20-day EMA, something to keep an eye on, a close below the 20-day would signal another sell-off, possibly to the 50-day, and that will help the PMs and the BIG-3, and I see the BIG-3 are giving back most all of yesterdays gains today, as are most of the PMs. screencast.com
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Aram, James |
