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So What Does it Really Mean??Denaliguide's Summit
(Click on image to enlarge) Above you see the best of the worst, the Phila Gold & Silver Index XAU. They are the biggest companies and some of the nastiest, IMO, until they change their Low Down Ways. HOWEVER the jagged blue line measures how far above or below (by the % Scale in the Blue Box on the Left Margin) the actual price be it XAU, GDX, GDXJ or whatever is below its 30 Week Moving Average. The XAU is the most sluggish and in recent history has been as low as 17.5% below the 30 WK MA, and has moved up to just 5% under that MA, you can see via the A & B blue arrows. See the chart here. Underneath that in LIME GREEN, breaking a trendline to the upside is the Coppock Curve - An oscillator that uses rate-of-change and a weighted moving average to measure momentum, that it breaks the trendline to the upside is significant in momentum terms and with the Relation (% of 30 WKMA) changing positively, it indicates the kind of Sea Change that we have been getting hints and glimpses of since March of this year. Its real, its here, and its really here NOW! Green Arrow #1 shows the trendline break, and Green Arrow #2 pinpoints the Zero line, which in some systems marks a change to absolute positive momentum. We should see that cross soon..... It doesn't take a Genius to see the trends are changing. As time elapses we will see more and bigger illustrations of stuff like this, until the uptrend becomes evident. SO WHAT DOES IT REALLY MEAN?? I take from the above, that whatever the market forces, whether they are algo's, quants, really frightened Europeans or speculators, are driving the price/relationships of Gold and Silver mining stocks in a reversal of previous patterns, which IMO will lead to higher prices through a slow stair-step up-hill grind, punctuated by dazzling rallies and frightening corrections. So hold and buy your competent, non-hedged, un-royaltied Miners. Like eating your veggies, it will be good for you. Subscribe now 4 Free issues, then $29.93 mo'ly, no contract, Blog - http://www.denaliguidesummit.blogspot.co.uk/ ### Denaliguide's Summit About this Blog - The information herein is believed to be correct and obtained from sources believed to be reliable. The author assumes no liability for information in error from any source. The information and opinions posted here are for EDUCATIONAL PURPOSES. Investment and speculative decisions are properly supported by Due Diligence and proper support, and the author assumes no responsibility for any private investment decisions made by readers of this blog. Copyright@2012 Denaliguide Summit, All Rights Reserved. 321gold Ltd |
