ARE WE ABOUT TO BECOME BEAR SNACKS
NOV 3 2014 GOLD & MINERS are at the mercy of the Bears. Since Breaking to new lows, many articles are now pointing out that all support is broken and its a LONG WAY DOWN. I am now reading that we are so close to 1000, that a good FLUSH could cause it to give way to $800. In my last report I mentioned that I heard something similar in the XLE as it broke to new recent lows and broke support too. Many wrote that it could crash down ( Those alerts / articles were loudest right before a strong reversal).
AUDIO- (click the link, click download , click open and return hereto follow along) Metals link click here
I drew this chart on OCT 10 (Click to enlarge) . Honestly- I was getting extreme sell off readings and I DID NOT EXPECT IT TO BREAK SUPPORT, but it has. I thought instead that we might get a trade able bounce and then possibly TEST support? Please use the audio, it saves me time.
So now that Support has been broken, is it a bottomless pit? Lets look closer.
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