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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (48635)2/10/2014 6:25:16 PM
From: zamboz  Read Replies (2) | Respond to of 60929
 
POG is still below the trendline from the top. Some shorter term resistance has been broken to the upside and the market is getting traction to the upside. What TA criteria are you using to call this a bull market in gold? TIA.



To: Rarebird who wrote (48635)2/10/2014 6:45:39 PM
From: Nevada9999  Respond to of 60929
 
I own quite a few companies and many broke out today, some are still consolidating earlier gains. The gold stock ETF's all had textbook breakouts today, so I guess it would be nice to see them all make it to the next strong resistance. Volume was good too. I don't really want to see them move too far too fast, so I'm happy to see them consolidate as long as prior resistance holds as support. If an hourly or daily chart looks a little peaked lately, the weekly has still looked OK in most cases. I agree with you this is looking very solid. I'm also noting many others on SI seem to approve of this move and the base it started from. So far, so good.