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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: couple interesting charts from tonight's MIDAS report

couple interesting charts from tonight's MIDAS report

posted on Mar 05, 2010 07:05PM

Here's a couple of charts showing gold in Foreign Currencies Gold Forex measured by an advance-decline line.

As can be clearly seen when the price runs the advance-decline line rockets upwards.

In other words the advance-decline line only rises when the majority of currencies measured in gold are rising strongly.

So it's a good indicator for strength in a rising price.

The first chart is for 22 major currencies & the second for a more broader 163 foreign currencies.

As can be currently see the indicator is rising strongly.
Cheers Nick

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