Doc says things are looking weak
Doc takes a look at the markets and they are showing him that weakness abounds. We should not see major drops but the US markets and commodities should continue this grind down.
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cnbc better stands for crooks ‘n banksters corporation birdman!They are wall street shills.I despise them .They are wall streets propoganda machine.They are master deceivers and they have a high intellect of how to double speak and allure the sheeple to get fleeced and slaughtered.
You are right Don. Now they are trying to imply gold is a good bet. Go figure they would do that AFTER such a big run. Just trying to encourage the lat of the newbies to invest their coins before the smash so that they learn to never come back to gold again.
Over on another thread the poster named “Confused” was reporting that MSNBC was also endorsing gold purchases today. I was not really surprised. The dirty tricks don’t end there and its just more evidence that the business news shows are being used by Wall Street shills to sucker in the fools.
But look at this chart:
It is the HUI on a five year. Can you see by tracing out a line between June 2013 and today that there is STILL NO BREAKOUT to the upside? Its just so stupid it defies comprehension how many people keep lauding the virtues of this past move in the HUI without acknowledging the obvious.
EG: That it is at a top and now its time to go back down.
Check the Bollinger Bands…they are through the top.
Check the 50 day line….falling to meet price
Check the RSI….overbought
The next place this thing is going is right back down to meet the lower BB at sub 100 dollars. I get a real kick out the bulls lately because they are either a bunch of liars or they are retards who cannot read simple obvious charts.
^HUI Index on a Five Year Chart – Beware the damned fools who tell you to buy miners based on this thing now because they might be frauds.
http://finance.yahoo.com/echarts?s=%5EHUI+Interactive#{%22lineWidth%22:%222%22,%22showBollinger%22:true,%22bollingerUpperColor%22:%22#ff0000%22,%22bollingerLowerColor%22:%22#ff0000%22,%22showSma%22:true,%22smaColors%22:%22#38761d%22,%22smaPeriods%22:%2250%22,%22smaWidths%22:%221%22,%22smaGhosting%22:%220%22,%22showMacd%22:true,%22range%22:%2210y%22,%22allowChartStacking%22:true}
I looks like a long, boring ride until mid-summer. I’ll be buying PM stocks on pull-backs. I’m out of most of my PM positions at the moment.
It won’t be boring if you are short. I expect quite an exciting few months ahead as some of these stocks rise and fall like a roller coaster. I sure as hell wold not hold any though.
That’s an option bird, but long gradual sideways to down moves are not that profitable to short given the time proportional fees.
CNBC says gold steadies!!!
Hahaha! Watch those guys. They will send everyone in the wrong direction.