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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (105031)	3/16/2014 11:57:26 AM
From: Rarebird	Read Replies (1) \| Respond to of 217652

I saw the POG (gold/euro) break out above its 200 day Moving average last week. That is another indicator that confirms the major uptrend reversal (from December) and differentiates it from the counter trend rallies of 2013. So, this rally is the real deal. Make no mistake about that. <<You think gold breakout is Crimea related?>> That is hard to determine as the fundamental driver of the rally has been economic weakness. There can't be more than a $30 premium based on the Ukrainian tensions. But the real estate/credit bubble situation in China is not going away and will become a tremendous problem for all financial markets moving forward, especially the US, which thinks it is immune to the catastrophe coming in China. I know HUI broke above 250 resistance last week. But GDXJ reacted very poorly to Gold's breakout above $1350 so most of Gold's breakout (above US $1350) is Crimea related.