This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Sunday, 21 July 2013
NUGT
The first chart was posted by someone in the comments section. The line chart overlay is the MFI (money flow index)
It seems reasonable to me, that all these PM miners need to do is stop selling their output for a month or two, to set a match to the gasoline-soaked shorts. Panic would ensue and many would get what they are due.
"You smell that? Do you smell that? A Gold vault, son. Nothing else in the world smells like that. I love the smell of smouldering Gold vaults in the morning." :O
I am not saying they are a buy yet,just monitoring an interesting situation.eg see Doc Barton post.I did post a buy setup on NEM recently but the s/l was very close.
It seems reasonable to me, that all these PM miners need to do is stop selling their output for a month or two, to set a match to the gasoline-soaked shorts. Panic would ensue and many would get what they are due.
ReplyDelete"You smell that? Do you smell that? A Gold vault, son. Nothing else in the world smells like that. I love the smell of smouldering Gold vaults in the morning." :O
ReplyDeleteAg Cu patterns:
ReplyDeletehttp://3.bp.blogspot.com/-vmaQoKGa7Qk/UeNoVqLP7CI/AAAAAAAAKkI/tZNiWTxkDAA/s640/Screen+Shot+2013-07-14+at+8.05.27+PM.png
You guys are delirious. The miners are facing tremendous debt loads and will be cutting their dividends soon. Wake up!
ReplyDeleteI am not saying they are a buy yet,just monitoring an interesting situation.eg see Doc Barton post.I did post a buy setup on NEM recently but the s/l was very close.
Delete