On the pinks both the 200 and 50 DMAs for RVXCF are at $1.29 with the 50 climbing and the 200 basically flat.  On the Canadian side the 50 and 200 dmas are at $1.62 and $1.66 respectively...so barring a collapse in the PPS we should be seeing a Golden Cross for RVX.TO next week.

We've seen GC's before of course, back in March of 2015 it happened during the run that took us up around $3 in April.  Then another happened in October of 2016, with the cross pretty much coinciding with the spike to around $2.50....but after that cross the PPS trended down.  Then nothing until now....

A lot of the stuff I read about TA came from back in the 60's and 70's....before on-line trading became so ubiquitous.  I recently read another article, much more recent, on Golden Crosses which states they're much less reliable as a forecasting tool than they used to be, and part of that reason is because TA and chart reading has become so popular.  It didn't suggest completely disregarding them, but that their track record isn't what it once was.

One of the reasons postulated is that they're too widely followed now.  Ultimately a market is about buyers and sellers....and if all of a sudden people start wanting to buy on a 50/200 crossover....there have to be others willing to sell into them.  And with all trading passing through Market Maker Broker Dealers, the Pros in other words....well the pros wouldn't stay in business too long by being on the wrong side of the trade.

Here's the info I came across if anyone is interested:

http://thereformedbroker.com/2012/03/22/golden-crosses-the-bible/

Hopefully this will be one of the times when a GC serves as a breakout indicator like it used to do with decent reliability.