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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: TheSlowLane who wrote (30852)8/26/2011 3:35:24 PM
From: gold$10k  Read Replies (1) | Respond to of 48092
 
I agree that PMs have entered a steeper up-channel, but Hubbartt provides no rationale that I can understand for the extreme degree of steepness that he indicates. Mine looks like this...

stockcharts.com

Even a parabola shows a gradual steepening of ascent.

en.wikipedia.org



To: TheSlowLane who wrote (30852)8/26/2011 4:11:31 PM
From: gold$10k  Read Replies (2) | Respond to of 48092
 
The other possibility is that this is the prelude to a double top. I am trying to stay agnostic on this issue, but this thread is getting pretty snortin' excited, which has historically preceded a fall. We'll see if it's different this time.

Message 27576627

Message 27491232