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

To: zamboz who wrote (48636)	2/10/2014 7:05:55 PM
From: Rarebird	1 Recommendation Recommended By baystock Read Replies (1) \| Respond to of 60929

Why are you even looking at the POG? The Miners lead the POG. As long as the Miners are in healthy uptrends, the POG will follow suit. I don't know why that is the case. I just know that's how things proceed almost always in a Bullish Gold Market. GDXJ and GLDX ( my 2 big holdings) have broken out of pennant formations. They are in super bullish mode and are in a new bull market. POG will take care of itself. The Mining Stocks know more about this than every single human on the planet. It is one of the great mysteries of the Gold Market that one can rely on.

To: zamboz who wrote (48636)	2/11/2014 8:35:03 AM
From: Rarebird	1 Recommendation Recommended By baystock Respond to of 60929

You appear to be asking more from TA than what it can deliver. TA only confirms the existence of bull markets. And by the time it is confirmed by TA, the mining stocks would have gained 80%-100%. The good technicians play it safe and only take a chunk of the move in the middle after the Bull is confirmed. But the big winners are the speculators, which stands to reason, especially in the gold market. They are the ones who know that Bull markets are born out of devastation, absolute despair and hopelessness. The number of gold bulls on SI were miniscule or almost non-existent (outside of the few gold bugs who are always bullish). What took place last August was highly unusual. A hound occurred the day after GDXJ closed above its 200 day moving average, resulting in an impulsive move down. Don't expect lightning to strike twice here. All a poster here can do is give you their interpretation of where they think the market is headed. Lots of factors move the Miners. Inflation rate vs Interest rates, growth rate of economy, Dollar Index, especially Aussie/Canadian Currency via USD, Euro vs USD, Copper Price, to name a few. The XAU hates strong growth, unless it is forced to accept it through a declining currency. The Miners are the best intermediate term tool available to forecast the direction of the US economy and what they are saying is not good. Don't underestimate the Miners; they sniff out recessions well ahead of any economist. The POG takes its orders from the Miners (when healthy) so there is no need to ever look at the POG.