Sunday, October 31, 2010

Pretty Good Charts - Sunday Boatload

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Don't miss the GDX chart.   Some mechanical systems went short GDX last week, followed by a crushing run up.  But that run may be over.  See the Chart.  Think like a crook, like a Lloyd











6 comments:

  1. Nice chartfest, steveo!

    Panama gold looks like it has risen quite a bit since I was in HS.....I recall the gold 'fix' was $35/oz back in the day

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  2. Bias is a weird and wild thing, but these charts look pretty bearish to me...however when things are priced in a reserve currency that is being debased, many rules go out the window.

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  3. Excellent work, steveo. Tx

    Looks like an exhaustion type move on the PME chart, but tough to get a top when the Fed keeps feeding it. Maybe this week we get a sell the news event or find out exactly how much is already factored in when we here from the Fed. We shall see.

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  4. Indeed those pressing runs up are very hard to predict the top

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  5. Did you go long?

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Insightful and Useful Comment!