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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Peace who wrote (120977)	3/1/2019 6:49:45 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 222266

I think the longer term picture for gold still looks promising, just that it had become too overbought and lost all it's upward momentum... the same is now happening for the stock market indices... but then again, there's a greater interest in the stock market indices so it could still continue higher, we'll see next week... GZ

To: Peace who wrote (120977)	3/2/2019 9:19:37 AM
From: yard_man	Respond to of 222266

usually the mining indices will signal a bottom -- doesn't always happen like so -- but many times it does -- hard selloff in gold -- mining shares come back from steep selloff in concert with new gold low and make a tall hammer. I look for this to happen very soon. miners -- after breaking out have lagged as indicated by the ratio of XAU or HUI : GLD -- one or two more hard down days will finish it most likely. only risk I see in having bought gold Fri is not nailing the bottom -- who cares if your horizon is months and not days? here's a good discussion of this behavior historically: acting-man.com