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

To: Wade who wrote (45661)	7/13/2013 4:10:03 PM
From: Wade	Read Replies (1) \| Respond to of 48092

I decided to find out if there are leading indicators from the miners in this so called 'recovery" bounce by using Ichimoku charts. First, I use the GDX as the benchmark. The chart looks like this: The green cloud is bullish and the red cloud is bearish. stockcharts.com You can see that the price is still under the bearish cloud. That tells us the market is not ready to turn yet. However, the AG chart is giving a little different message: stockcharts.com Its prices is piercing the red cloud. When it is above the red zone it will signal a bull run. You also can notice the green/red lines are going to cross over in August which means AG is heading higher. This is an interesting forecaster in this chart. Other strong miners such as TGD and BTG shown similar patterns as does AG. You can check out your own miners using this tool. Introduction of Ichimuko chart: stockcharts.com Have fun.

To: Wade who wrote (45661)	7/13/2013 8:15:07 PM
From: GROUND ZERO™	2 Recommendations Recommended By Ms. Baby Boomer Wade Read Replies (1) \| Respond to of 48092

My model has been short gold since April 1st at 1601.80... I finally had a confirmed buy signal this past week and I went long at 1261.20... I think gold did bottom, but time will tell... I have a high respect for Dan's general weekly comments, but I do have a problem with the DMI... Crossovers may seem like an obvious signal to go long/short, but many short-term traders will wait for other indicators to confirm the entry or exit signals to increase their chances of making a profitable trade. Crossovers of the DMI lines are often unreliable because they frequently give false signals when volatility is low and late signals when volatility is high. investopedia.com GZ