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Message: Re: Markets

Sep 11, 2014 06:00PM

Metals and mining shares remained unloved on Friday, though LBSR and TMBXF bucked the trend. ...that's cowboy talk for "dyanamic geology". LOL

That said, these moves were impressive, even if volumes were not.

BTW, the recent decline in POG has been steep. We are headed for a "triple bottom" at the 1180-1200 level. That could be sometime in the coming few days given that a FOMC meeting concludes on Wednesday.

While I'm not really a chartist, "trible bottoms" almost always end with a reveral taking prices to well above the previous resistance, in this case +1400. Click on the 5-year chart you can find here. http://www.monex.com/prods/gold_chart.html

VP in AZ


Sep 15, 2014 10:09AM
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