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Gold/Mining/Energy : McEwen Mining

MUX 20.02

+1.8%

Dec 23 3:59 PM EST

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To: wolfgangrene who wrote (14060)	12/23/2015 5:18:47 PM
From: Must Be Patient	Read Replies (1) of 24545

In my experience trend lines are not trustworthy - they are too subjective. Now, horizontal support and resistance may be boring but they are much less debatable. The last horizontal resistance "taken out" by gold came in October 2012 and it ended up being a fakeout (immediately collapsing back under right after). Silver can't even say that - it's been straight down since $50. Same with the $HUI:$GOLD ratio actually. It would be great if the PMs could finally catch a break and MUX seems poised to lead the charge, but gold has a lot to prove at this point TA wise. $1090 might look helpful but the only signal of a trend change would be a move above $1192! All IMHO of course.

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