Oct 24,2014 At times, things arent always as they appear on the surface. You may have to dig a little deeper to find out whats really there. Thats what I am attempting to do in the Precious metals mkts. Yesterday about an hour into trading I was watching Miners break down to new lows. Again the message boards lit up with “New Lows, that means we are going a lot lower” and “Going short here, much lower prices ahead”. For me, something hasn’t “Felt” right about that, so I knew that I had to dig deeper and see if I could reconcile the problem that I was having. The problem goes back to a prior report where I pointed out that I was getting signals for a “Meaningful Low” in Gold (An ICL).
In fact, since that report, GOLD has been acting correctly, running up to the 50sma and stalled just like MAY LOWS, but the MINERS have NOT been keeping up. NOTICE that GOLD Lows here have been like the TWIN of MAYs Meaningful LOWS (ICL). So to me…LOWS IN GOLD WERE IN.
AUDIO click here / then click ‘download’ / click ‘open’ & then come back to this page when you hear the report to follow the charts
The problem with everyone going short yesterday was what I had noted in other reports too…