Friday October 28

Well, you know the story. I don't usually plan on doing a Friday report. Thursdays report can usually cover what could happen on both Thursday and Friday.  We are specifically focused on Gold  & Miners , so we should discuss that area a bit before the weekend. Let's start with the $USD.


USD Oct 26 - Would the dollar drop into its Daily Cycle Low, or would the 10sma act as suppport? It is overdue to dip down.


USD Oct 27 - It DID use the 10sma as support so far. This Daily cycle rise is longer than normal.

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Oct 26 – Lines In The Sand

At this point in time, we should discuss lines in the sand for protective purposes. First, a quick market review.


SPX -  No Change at this point.  I see a failed daily cycle and weakness so far.


Lets take a look at the USD ...

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So That’s How The Internet Works

This report is all about How the internet works, and Gold, Silver and Miners.


This is how the internet works...

GDX - This was from my weekend report, and I showed how the 10sma could be tagged by GDX and the drop would back test the trend line.  Totally normal, so we were ready.


gdx-wkend-reportGDX MONDAY -  When it actually  happened, this was exactly what  we knew should happen.   Well, the  internet lit up with Bearish chatter.  I was hearing that Gold was about to get crushed, Miners were 'crashing' , and the USD was rallying!  T-H-A-T is how the internet works now, fear breeds fear.  Is this soooooo bad?


Well  lets discuss Tuesday and see ...

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