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Gold/Mining/Energy : McEwen Mining -- Ignore unavailable to you. Want to Upgrade?

To: wolfgangrene who wrote (14060)	12/22/2015 2:15:41 PM
From: benwood	Read Replies (1) \| Respond to of 24557

There are so many algos designed to thrash all the common metrics that of course that could have been intentional. The algos are not only fine tuned to fool us, but each other as well. All traditional turning points and signals are @*$#'ed with, to keep others out or to draw them in and chop their heads off. Billions of dollars are spent to perfect these systems. Obfuscation and subterfuge are where it's at today.

To: wolfgangrene who wrote (14060)	12/23/2015 5:18:47 PM
From: Must Be Patient	Read Replies (1) \| Respond to of 24557

In my experience trend lines are not trustworthy - they are too subjective. Now, horizontal support and resistance may be boring but they are much less debatable. The last horizontal resistance "taken out" by gold came in October 2012 and it ended up being a fakeout (immediately collapsing back under right after). Silver can't even say that - it's been straight down since $50. Same with the $HUI:$GOLD ratio actually. It would be great if the PMs could finally catch a break and MUX seems poised to lead the charge, but gold has a lot to prove at this point TA wise. $1090 might look helpful but the only signal of a trend change would be a move above $1192! All IMHO of course.