Loading ...I’m A Gold Bull/Dollar Bear
Possibly one of the few. Gold has broken through the downtrend on the log chart…
In my view, the dollar is going down. Way down…
The HUI has interesting chartology…
with the CHF/USD ratio still predicting an imminent PM turnaround…
So despite all the negative sentiment expressed recently, I just don’t buy it. All I know is what these long term charts are telling me. I believe the odds are strongly in favour of this being a major buying opportunity. HUI downside looks to be maybe around 130. The upside ? well, can that chart really be saying the target is 1400+ ? Stranger things have happened.
Nice charts Northstar. That Sto turn-up in the first chart is interesting.
Not only interesting but I wouldn’t have guessed it given the recent action. Of course the month is just beginning.
Cheers Jim 😉
If we take out $1240 with conviction, that would be very constructive, meanwhile we need GDX to outperform gold again too!
Great charts Northstar. Thanks for posting them. Keep’em coming – I like your techniques you employ on charts.
Thank you.