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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 672.07-1.7%4:00 PM EST
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To: GROUND ZERO™ who wrote (90191)3/2/2017 1:32:37 PM
From: Underexposed  Read Replies (1) of 218763
 
Things are quite confused when it comes to gold as I pointed out in my last post.... I have never seen gold mine stocks fall and Gold prices rise before

remember though in my complete analysis of Gold charts



It looks like gold is going to collapse and fall into the abyss once again... yep, it's a perpetual bear market, all rallies in gold should always be sold...

I am not ready to throw in the towel and say gold is going to plummet to the abyss ... yet,

Message 31008281

you recall I said there was broad support from 1220 - 1230 for gold.... and I suggested that support could be tested. That 5min chart I show above from FinViz shows a bit of a bounce near that support.

Breaking that support would suggest what you are suggesting, Hard to say until it happens...Fingers crossed ( and limit stop losses set on my Gold stock.)
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