Loading ...Backup the truck ?
And what about this one…Is it too late to back up the Cement Mixer ?
Sheesh…and all we were looking at was Gold .
Look at the Cement to Gold Ratio
Since 2012 when goldbugs started to get hit by a truck, cement has gone up 2000% vs Gold
a 20X increase.
In 2012 it was time to sell gold and buy Cement !
Now that’s a kick in the nads if ever there was one.
PS…this is a study in why negative indicator divergences don’t matter on weekly charts
Since the symbol is 4 letters and it trades on the Nasdaq, perhaps its a social media company with no earnings in disguise. How else to explain it?
fgc are you having regrets for being a gold bug?the last 6 years has provided us
many reasons to regret our gold-focus-blindness!
Yes…but there is always hope…and hype too.
MASSIVE bearish divergence between MACD, RSI & price on top chart, it’s going down.
It is because a promise/hope to build Mexico border wall and massive construction projects. Now it is a news No to both.
Buy the rumor and sell the news. News is He is President now.
Divergences on ther weekly are NO predictor…how long will you wait >?
Its been diverging for a long time…The overbought gets burned off by a sideways move…happens a lot.
IMO…divergences are for day charts or less
This Concrete Bull started 5 years ago when Trump was a joke.
kinda tracks the US $ chart for some reason,