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Gold/Mining/Energy : McEwen Mining

MUX 18.61

+4.2%

Nov 28 12:59 PM EST

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To: pineappletrader who wrote (17422)	3/9/2017 1:47:28 PM
From: Robov	Read Replies (3) of 24527

I hadn't noticed. It is something that Wolf used all the time. He would wait for it to turn and then I think he would buy Long Calls and then sell them as the price rose for a quick profits. As I recall he also used to like to see these pinchers reach extreme levels above 50 for the ADX. That said looking at Gold/Silver we are close buy not quite there yet I don't think. Of course that's just my opinion and of course tomorrow we get the usual government propaganda BLSBS fabricated Job's report which has always been an excuse for the Bankster's to hammer the metal's. As I've said numerous times,what connection US job's has to do with slamming the metals is beyond me. But just look at any gold chart and the action that always proceeds this BS report. And then of course we get the Fed's interest rate hike likely next Wednesday, so that will be another excuse to slam gold and silver so the bankster's can extract themselves from their latest naked paper shorts. Whether this will give us a bottom or not remains to be seen, but MUX for sure is into oversold territory. That doesn't mean it can't get a little more oversold. Gold and silver on the other hand aren't quite there. They're close though. Here is the MUX chart showing the pincher and this would not be a bad place to average down if one had spare cash. I am sort of hoping for the 2.50 level myself and to fill that gap down between 2.27 & 2.33 would be a real treat. flic.kr flic.kr And as you can see in the updated gold chart we are getting very close to that trend line and demand zone that I have highlighted in previous charts. And the RSI at just below 37 has a little further to go before becoming oversold. flic.kr

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