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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets. -- Ignore unavailable to you. Want to Upgrade?

To: Robov who wrote (1661)	3/27/2014 8:24:16 PM
From: The1Stockman	Read Replies (2) \| Respond to of 1954

Yes, I understand what your saying, ... I give it a few days, ... Wednesday at the latest, ... I dont sell all of my holdings very often, but I got tired of leaving money on the table and watching it shrink by the hour, ... and looking back now, ... I probably should have sold the entire amount when MUX was still working its way down in the mid-3s, ... hindsight is a wonderful thing! If it doesn't rebound to close back above both the 50/200-day SMA's, ... then we can expect more of the same. If you look closely on this daily gold chart, you can see that this is the first day its price closed below both SMA's, .. it first dropped below it on Wednesday but managed to close above the 50-day, ... Just Barely, .. and its part of the game they play, "to keep you guessing." So the customary three day's is ticking, maybe an international event turns it around. If you look to the February rise on the chart, ... I just dont see anything worth talking about that's keeping it from another waterfall drop. So if it drops below the $1,280 low, .. we could easily see a loss of another $20.00, and again another $20 if the $1,260 fails. With no pivots to play and one large base at $1,260, I see nothing else until it gets down to the intersection at $1,200. We do have several areas at higher levels that should play out at some point, but will it do it before or after it goes lower. I see the red MACD line just moved below center and the bars continue to grow longer. Both the W%R and Stochastic have been very oversold, so we are once again, ... overdue for a bounce. Here is what the EMA looks like, ... screencast.com ... the 20 is already back below the 200. ~~ The Weekly SMA fell below the 50-day this week, filling February 10ths weekly pivot. Week-2 off February's pivot is at $1,292.95, we had a low of $1,289.00 thus far for the week, so we already violated that pivot, and the last week of January's pivot is at $1,257.25. Its back below the 50-day SMA now and the 20-day is a rocks throw at $1,275.00. Strange how the red MACD line is turning bullish while all the other indicators are looking down, these are signs of manipulation, I dont care what Dan Norcini says about gold not being manipulated, ... I disagree, ... its highly manipulated by powerful sources. ~~ Here is what the Weekly EMA looks like on candle, ... its giving up the 20-day at $1,301.70.

To: Robov who wrote (1661)	3/27/2014 9:37:09 PM
From: The1Stockman	2 Recommendations Recommended By drager dsv Read Replies (1) \| Respond to of 1954

<"I'll be in class for the Futures teaching next month from the 14th - 18th and will probably be trading equities less and less with the exception of holding some key miners that should offer some good returns over the next year or two."> Good luck with that Futures class, .. that's a tough market to be around, I'll stick to the miners for now, the picking is plenty at the right times, but awful scary at all other times, this must be one of those scary times. MUX turned bearish faster than anyone thought it would, I think it caught many off guard and by surprise once it broke down near $3.00. The monthly chart is what concerns me, and I will show you why I lean towards the $2.30 as a target and a possible turning point. This will be my last post here, at least until things pick up at some point, we just dont have the poster participation we used to have and I'm sure it reflects those that used to read as well, I recommend the MUX board out of all the boards in the Gold/Mining/Energy tab, it would be my first choice. At any rate, ... getting back to the $2.30, or the $2.30/35 as I stated in a recent post. We celebrated MUX's rise above the upper trend-line not too long ago, ... Well, ... here is what that line looks like now. This is the Monthly Logarithmic SMA Chart. It's noticeably back below that line we pointed out a while back. We would have to close above $2.90 to recover the trend-line "but more importantly for now", ... we need to move back above the $2.60 to avoid that huge bearish engulfing, and on a good day MUX has the potential to move that much in one day, will Friday be a lucky day for MUX holders? Ironically, … the monthly pivot on the large green bar from January is $2.34, ... it’s our low end number of the gap from the $2.34/36 set-up, which failed to fill by 1¢ today (Imagine that). Volume this month looks terrible, but a lot of it (29-million) was due to that big volume day it had last Friday, it bumped the avg up. ~~ On this Weekly, The 50-day SMA is also at the $2.30, and the 2nd week of Jan-pivot (its the bar the 50-day crosses over) is at $2.315. It dropped below the 20-day SMA today but recovered, and this weeks volume is more back to normal. ~~ And the Daily, ... you guessed it, ... the 200-day is $2.30, and today's volume looks suspicious to me. If it drops below the $2.30, I would look for the $2.24-pivot next (Jan-15th), followed by the gaps here, ... screencast.com ... that third circle from the left (purple) should read $2.06 to $2.08. Robs low $2s might be an area to consider at that point, but I hope we wake up tomorrow, and it moves entirely in the opposite direction and this would have been no more that a test of the 200-day.