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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Monday, 29 August 2011

GDX

I am re-evaluating this in the light of NEM,HMY,FRES charts and have to say it looks quite bullish.Previously I had focussed on the bearish triple top but there are also 3 lows (arrowed) so a battle is taking place above the previous high,which is itself bullish,and it is a 3rd attempt at a level ie usually succeeds.So on balance a buyer with a stop under the 3rd low.Does this mean gold is not going to have a big correction ?...confusing


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