I have mentioned before there is a very recognizable pattern in the gold stock indexes. I have been using it since last September.\u00a0 At the end of most months perhaps due to Comex expiration there is a very tradable rally. If you look at a daily chart from last August you can clearly see seven of the nine months follow the pattern. We are currently in day 5 of the eighth such rally. One of these rallies, perhaps this one, will be the next leg of a big tradable move. It is hard to believe that we are in a bear market for anything with all the credit creation going on world wide. The CPI comes out next week and I am guessing 6% annual inflation which will make real rates on the ten year be minus 4.5%!\u00a0 I live in a north Dallas suburb and there are no houses for sale anywhere. A realtor\/actor that I use tells me he is going to have to get a job because there are no listings. I guess good money goes into hiding applies here.<\/p>\n","protected":false},"excerpt":{"rendered":"
I have mentioned before there is a very recognizable pattern in the gold stock indexes. I have been using it since last September.\u00a0 At the end of most months perhaps due to Comex expiration there is a very tradable rally. … Continue reading