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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (11405)	1/22/2015 3:10:53 PM
From: Goose94	Read Replies (1) \| Respond to of 203432

Gold started the new year on a happy note. It jumped up to a five month high…and it’s near a key moving average as some safe haven buying began. This rise spilled over to silver and gold shares. And all three are looking better. The big question on all gold investors’ minds is: Are the lows in the bear market behind us? Also, was the November low at $1140 THE low? · Only time will tell, but the strong start this year gives us the feeling that the lows are in. Gold, however, is not out of the woods just yet, and we need to stay cautious.For now, if gold’s firmness since November continues, and gold stays above $1265 (the 65 week moving average), it’ll be turning bullish, reinforcing that a further decline is unlikely. Gold would then turn super bullish if it can manage to rise and stay above $1300, its mega moving average (see Chart 1). Currently, the verdict is still out, and we need to see more development over the next few weeks. GOLD SHARESAs you know, gold shares have been the weakest in the metals sector for the past couple of years. But they’ve also been extremely oversold and bombed out (see Chart 2). As the new year began, however, the HUI gold share index has been rebounding. It’s now at a four month high…and if it can rise and stay above 213, it’ll be turning bullish and very strong.