Uranium and Gold Charts

February 6, 2017

To kick off this morning Rick and I chat about the Uranium and Gold sector. Rick sticks to the charts and he continues to have a bullish outlook for gold and gold stocks especially.

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    Feb 06, 2017 06:25 AM

    URA has 4 weeks of good volume, but it is at least a month away from a significant upwards move. The RSIs are too high.

    Feb 06, 2017 06:30 AM

    I could not sleep last night and found myself coming across a certain Mr. Ackerman discussing the pros and cons of the pot market.

    Not knowing anything about pot I have to say that it was one of the most interesting talks that I have heard in a while.

    I also now will look at Rick in a new light 😉

    Feb 06, 2017 06:30 AM

    Perhaps I had better explain what I mean by RSIs too high.
    If the RSIs are high after a month of declining price, it means people are dumping the stock, on a opportune basis, and thus any take-off is not imminent.

    Feb 06, 2017 06:32 AM

    Ricks thoughts are always welcome. Here are some thoughts from Lucas that are perhaps more outright bullish for gold than either Rick or Doc. Lucas makes some good points. The slow steady rise I think has kept a lot of people on the sidelines waiting for a bigger pull-back. Maybe it would pay to remember that the trains at least in this country don’t leave the station quite as fast as some other countries but they do get moving………….

    Feb 06, 2017 06:30 AM

    Disinflationary may not be entirely correct. Hyperinflationary is far more à propos.