Recent Blogs Posts

The direction is still unclear. The price remains in both superimposed channels:
[IMG]http://imagizer.imageshack.com/img922/5310/crhW64.png[/IMG]

A few recent talking heads regarding gold, etc:

Ira Epstein:
[URL]https://www.youtube.com/watch?v=OQBo_tCUOHQ[/URL]

Kitco:
[URL]http://www.kitco.com/news/video/show/Kitco-News/1256/2016-05-10/Gold-Stocks-Overheated-20-Correction-Coming-Says-Technician[/URL]

[URL]http://www.kitco.com/ ...

GDX took a big hit Monday--down over 6%. Profit taking in light of a stronger dollar is mostly blamed for the fall by the mainstream media.

This chart seems to suggest that there is uncertainty in which direction the trend, if any at all, is heading. Perhaps today will be the deciding factor.

[IMG]http://imagizer.imageshack.com/img921/9867/GYjXza.png[/IMG]

The Dow lost 35-points on Monday but the major indices were quite mixed with strength in the small caps and the Nasdaq, and weakness in indices with exposure to oil and China, which were down sharply.

Earnings season is winding down and now all eyes are back on interest rate impacting data leading into June's FOMC meeting.

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