20121,

This reminds me that I wanted to comment on post you made where you said you dismiss most of what Frank Barbara says and something about his playing with numbers.

I don't know if you're a subscriber or not but if you are, you should refer to his handbook which he sent out in early January to all subscribers, where he outlined the methods he uses. He explained much of his technical work but also emphasised that he also confers with many other analysts and takes many non technical indicators into account.

There are time when I get frustrated with him and every other analyst, particularly when they tell me what I don't want to hear!. However, having followed him, I find his TA is particularly good with gold. He can't predict an event that happens out of the blue but those events asside and he's called things quite well for someone who is not psychic.

I do my own technicals and they compare to his. I don't ever see him simply working numbers to fit with his outlook. He presents possibile outcomes. For instance, right now he suggests that gold is likely to retract a little which would set the stage for a very, very bullish situation. He also suggests that juniors are lagging producers and large caps in an unprecedented way such that this gap is all but sure to close either with the large caps pulling back or the small caps rising.

However, he also states that there isn't such a clear signal of golds direction that a pullback is definitely in the cards. So he's suggesting a half position now with more later once the trend is clearer which it will be in a couple of weeks.

I think this is quite a fair assessment. At times he's more definite one way or another.

The more I read his reports, the more respect I have for him. He's not like many analysts, just predicting blue sky all the time for gold or juniors.