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U.S. dollar up but gold and silver returning strong as I type. This looks good for the metals as they appear to be trying to separate themselves from the dollar correlation. Silver is looking really good.
Yep, Mark A, I thought that this would happen as I mentioned in one of the editorials.
Talking of bonds….some of the EURO muppets, want a Eurobond MERKEL says “NO”
Yep, agreed……this “base” is becoming substantial…I think the biggest base formed in this entire market so far! The bigger the base; the bigger the launching pad; the bigger the launching pad – the bigger the rocket; the bigger the rocket – the farther it will goooooo…..you get the picture!
All the best,
Howdy Mr. Irish!
You know, the longer these eurocrats drag this out, the harder it’s gonna hit. I hope you and your family are doing well over there. Drink me a guinness since I can’t make it over there ðŸ˜‰
Have a look at this. The commitment of traders continues unabated for gold, even with these low prices. Going back a number of years, it appears that whenever the black line rises above the price for any length of time there is a rally in gold.
Has anyone got any experience with this accumulation/distribution indicator? In any case this is another bullish nail in the bearish coffin.
Sorry, the link above doesn’t work. If you want to see the chart I’m talking about, turn on the accumulation/distribution indicator and chose “Behind Price” in the position window.
Do this here: http://stockcharts.com/h-sc/ui?s=%24gold
HI MARK ……..I will have a GUINNESS tomorrow night & toast you & the rest of the great people on this site….A HEALTHY & SAFE FUTURE.
It looks to me that we may be approaching a point whereby a strong dollar may not necessarily, adversely affect PM prices. I for one wouldn’t touch a long, low interest bond with a ten foot pole……………….