Just a little Bear(Ish)
July 22, 2013 I didnt want to scare anyone, so I decided to just show a playful little bear to make my next point, instead of a Full Blown Bear. If you've been following my thinking, you know that I expected another Leg higher. Using cycles for timing, it should've popped higher or at least should POP really soon. If not - this second leg up may just fail. So why the little bearishness? Well, as time goes on and the consolidation continues, we are losing the "strength" that was adding confidence. Notice the following charts...
GOLD is weakening & looks actually tired
I want to see GOLD get above those 2 moving averages overhead & not struggle so much.
What about the Miners?