Demand Back in Control for Precious Metal Stocks
posted on
Dec 30, 2007 04:01PM
Point and figure chart now shows that demand is back in control since there was a 3 box reversal back up in the percentage of gold stock that are on point and figure buy signals. What this means is that you should have the offensive team back on the investment field for precious metal stocks. It is now your job to score against the market. In other words, for the better stocks you can throw a long pass rather than trying to get a yard at a time. Accumulation of capital is the name of the game. The reversal up in the percentage of gold stocks on buy signals came from an excellent field position near 44%, which means this market has the potential to go up a long distance from here. The precious metals sector is the only market sector that can go from coast to coast - o% on buy signals to 100%. The odds are now in your favor that you will gain yardage/profits. For more informaation on bullish percent, Google it or go to Dorsey Wright and access their free university that explains the concept in detail.