RE: RE: RE: RE: SH Ghost Town?My point was the markets and the level ALL chart monkeys watch - S & P!!
Not gold? What? 1249 gold like....hello? OMG! Gotta read a post before you bash them. Like silverstocks3.
READ!
1249 held....you will hear " Bottom reversal day mentioned a lot WHICH IS - a new low followed by a close above the previous day's close " Couple that with 8 straight days of losses - MSM trotting out the usual suspects of permabulls, who by the way never saw the 10 % haircut coming, and as mentioned prev a rally is in order.
Probably made a mistake not puking all the bearish ETF's but..we'll see.
Alot of negativity priced in to a bad NFP # on Friday. Was 75K cons. Who knows....get a good # and stocks rally. Or get a bad # and stocks rally thinking Ben's coming with QE3?
GDXJ/GDX relationship has been rolling over since April. Obviously brokeout last sept. 50 dma and 200dma just kissed.
https://stockcharts.com/h-sc/ui?s=GDXJ:GDX&p=D&yr=2&mn=0&dy=0&id=p03758716307
And we are still sucking air. slx/silver