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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: Another green light
What I like about Eric de Groot's analyses is that they are based on measurable indicators, not on expectations. It appears that another of his charts is indicating that gold is ready for take off. I must admit that I don't understand how his charts are made up. DCFM.
Blue Horseshoe loves Gold - An Important Buy Signal
Dear Gold Community,
Two dates (chart):
An important buy signal has been generated while most traders vacationing for the summer or watching the Olympics are too far removed to have noticed. The 54% reading was generated on a steady rise in total net asset value tonnes in the trust as price discretely hovers around $1,600. Excellent! Someone knows what they're doing.
To quote Bud Fox, "Blue Horseshoe loves Anacott Steel (Gold)"
Chart: London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic
Regards,
Eric
Two dates (chart):
- 11/24/08, WA=54%, Gold = $778/oz
- 08/10/12, WA=54%, Gold = $1618.5/oz
An important buy signal has been generated while most traders vacationing for the summer or watching the Olympics are too far removed to have noticed. The 54% reading was generated on a steady rise in total net asset value tonnes in the trust as price discretely hovers around $1,600. Excellent! Someone knows what they're doing.
To quote Bud Fox, "Blue Horseshoe loves Anacott Steel (Gold)"
Chart: London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic
Regards,
Eric
http://edegrootinsights.blogspot.fr/2012/08/blue-horseshoe-loves-gold-important-buy.html
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