Wednesday, June 11, 2014

CHART OF THE DAY


7 comments:

  1. That volume was in play early April as well, but a 16% decline followed. HUI is at its resistance zone as of this am...if the stocks are going to truly breakout they will need a "close" above $1272 Gold and $19.45 Silver.

    US$ is not breaking down as it still holds above its 200dma @ 80.45.....worth watching!

    Agree completely the charts have given both the Bulls and Bears the line in the sand....$1240....very key going into late June....jj

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  2. HUI index off its Dec lows of 188 just touched its Fib line @ 216...a "close" above 216 would have me covering 1/2 my short miners position....closing out the other 1/2 @ a "close" above 225....holding original short position from 338 HUI

    Silver is not confirming Gold or the miners breakout....jj

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  3. jj - what do you make of gold having higher IC lows, yet lower IC highs?

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    1. Well any upward move will produce higher lows, I'm watching the resistance levels that Gold must overcome with a close, those resistance levels were once support so a close above $1272 will be very positive for gold which should be putting $19.44 silver into play....fwiw I didn't cover any of my short positions today with the HUI closing right on a key level.

      Gold, Silver and the miners either put in a top today or Thurs looking towards a late June low or the low truly was last week and they continue trending higher into month end....jj

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    2. Following Gary along with Dan Norcini provides an excellent mix

      http://www.traderdannorcini.blogspot.ca/2014/06/gold-chart.html

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  4. A Gold Trading Advisory Company must do the similar analysis as posted above, before providing any tips.

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  5. sell now??anyone

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