(ECU held very well nice pause and accum zone for those who waited)
reading the Cafe this morning. I can't cut and paste because it is a subscription, however others who read it can validate my point
"James Joyce table" July 3 he comments on how he doesn't normally day trade, however positions were sold in advance on Wed by many waiting for the cliff drop on Thursday and they were rewarded.
When I hear and read respected people like Coxe are headed to gold and shares I suspected they too know the drill. I know he uses charts to set patterns so there you have it. Others I subscribe to have been calling gold and gold shares up John Murphy for one.
My obserevations are simple. A year ago this would have amounted in 3 legs down for day one of the cliff drop with share plumitting 3 time the distance in %. Followed by 3 more sharp down days in gold. The pattern is completely different now. We get a sharp drop then sideways or a steep recovery in one day. the next 2 day are now unpredictable
My Bet is next week will be good for PMs as the truth begins to dawn on the masses. The GATA gang and normal traders have called the Bluff.
I shall wait. GLTA
Reg Mills