Gold and Silver Cycle
FYI, both SLV and CEF have broken their Cycle Downtrend lines this morning likely signaling the start of a new Trading Cycle.
GLD and GDX are currently testing their downtrend lines. Will post some charts when I get a chance.
FYI, both SLV and CEF have broken their Cycle Downtrend lines this morning likely signaling the start of a new Trading Cycle.
GLD and GDX are currently testing their downtrend lines. Will post some charts when I get a chance.
Thanks for the update. I was expecting a little more downside, but looks like the tide is turning. FED day today so lets see…
RSI 14 went bull today. TSI 747 also…
Everyone seems so bullish here today which is comforting with all these indicators and cycles making bullish confirmations. To me the charts don’t look so strong but I will sit since everyone is confident here but me. I appreciate everyone’s support as I hold long, play golf, and get rich. More bearish posts would actually make me feel better! No one is bearish???
Often times the action into FMOC meetings is a “head fake” so we shall see. If the Trading Cycle low is not in then the FMOC announcement will likely be the catalyst for the low, which should be fairly brief based on Time. I would view any move down after the FMOC as a Shake Out, IMO.
Thanks! So it sounds like any weakness after 2pm today is buying opportunity 🙂
IHS just completed on NUGT 60…
A close in gold above 1338 would be very positive.