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


To: Rarebird who wrote (109323)12/26/2018 10:32:28 AM
From: Fintas  Read Replies (1) | Respond to of 116752
 
This chart of the BP PRECIOUS would suggest the bottoms are in and for those who like to anticipate to be early, it's OK to buy on weakness of just take a objective bite.

Additionally as I look at a distribution curve the precious metals is beginning the move RIGHT which in the past went from the lows of 3 to a peak of 80 and held it for a while.

So it's a long ways off it's tried and tested 5.87 area and when considering the relative strength patterns are also turning up, well, once again one might be a bit early but longer term I'm comfortable with expecting GOLD to move towards the 1296.. 1350.. finally retest the 1377 to take out 1405/1450: Just for starters. Not in one step but as you point out there could be some drag. Oh I game a 5% up in POG will cause a break out in the Gold c RSI chart that I have put up in different sites to support POG bottomed at 1045. It did. My longer term view of POG 1620/1782/1944..2430 is unchanged. NOT if but when.

So the bottom line is each should do what they feel comfortable.

IMO

Fintas

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0.00 0.00
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To: Rarebird who wrote (109323)12/26/2018 1:39:51 PM
From: Real Man  Read Replies (1) | Respond to of 116752
 
Yes it seems the manipulators use $50 floor for Jdst to manipulate gold stocks. It would be dangerous to rely on them if sp500 keeps crashing. To remind, the bull market was based on increasing monetary base 5 fold and guaranteeing 20 Trillion dollars in derivatives. Stocks in the real booming Economy, China, never rallied.