Monday, 10 September 2012

HUI Index, Best Buy In Town

The Gold stocks are the best deal in town 

The weekly chart of the HUI Index.

 Ascending wedge formation......bearish

 Dow Jones Industrial Average 100 year chart....Ohhh the possibilities........

 The GLD broke through resistance

 The Global Index indicates that the Head and Shoulders Pattern isn't going to carry through, however, there is no confirmation one way or the other yet.

Oil has a B wave triangle forming ?

The GDX rubbing up against resistance

The S & P 500 rubbing up against resistance

The flow of money could quite possibly be moving into the China market, we'll have to see how things pan out.

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