Registered: 1101777014 Posts: 4,454
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Not a lot of good news here for the gold bugs as the Yahoo 30 Gold/Silver Index advance/decline line continues to lead gold prices to the downside. Also shown below is a longer term chart of the McClellan Summation Index of Technical Watch's more broader based index of 56 precious metals stocks which broke below below its rising bottoms line this past Monday.
Fib __________________ Dave's LinkedIn Profile Technical Watch Twitter Page Technical Watch Facebook Page "As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan "An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan "What we see depends mainly on what we look for" - John Lubbock "The eye sees only what the mind is ready to comprehend" - Henri Bergson “Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977 "You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977