BULLISH
Dec 2 2014
WOW! Metals! Could it possibly be nearing a time to gather a small CORE position in miners? Or is that just a rotten idea at this point? I just posted a member report , but I didnt want to just leave my other friends/ followers who may be unable to sign up at this time hanging, so I just want to post a quick update. The recent ride in GOLD/SILVER has been what...Breathtaking to say the least ? It really has and if you've followed my reports then you know that it has been shake out after shake out (Quite often on Fridays). I had maintained that these were Bullish when they recovered, so what is going on now? We had a 1/2 day holiday trading period last Friday ... but it got crazy.
BOOM, an $80 move in Gold
I always thought that someday we'd see a $100 dollar move in Gold, but I thought that we'd see that when Gold was up near $2000 . ..
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Your Invitation to Join Me
I really want to thank you for following along here at ChartFreak. Whether you have been here since I started posting last March, or you have just joined me in the past few weeks, I’m happy to have had the opportunity to share my years of experience with you. I have appreciated the support through your kind […]
Deviate From The Norm
Dec 1,2014
An Anomaly is something that deviates from the norm or the standard. When you see one, its rather hard to know what to make of it. Even though we have to "Expect the unexpected" in the markets, I must admit that Fridays HIGH VOLUME in Gold / Silver / Miners (And OIL / Energy stocks for that matter) took me very much by surprise. Let me say that I was Shocked when I saw that volume, let alone that it came in the form of a GOLD SMACK DOWN on a holiday. Friday was an anomaly for me. By normal standards it is usually part of a 4 day vacation type weekend when many 'pack it in' to travel & be with family. That Friday after Thanksgiving is usually a shortened light volume 1/2 day of trading . A NON-EVENT. When someone asks me "Are you still learning from the markets?" I give it a resounding "OH YES!" for just such occasions. lesson here, stay alert - stay frosty at all times, and if the markets are open....expect the unexpected!
The Big question is , "What happens now with Gold? Are the recent lows doomed? Did the Swiss Vote ruin everything?" Lets review a few points and discuss
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