Wednesday, May 25, 2011

SPY - ready to rumble.

A close above the 132.08 confirms a move higher to me.  Targets are highlighted.

Monday, May 16, 2011

GLD -146.71 is an important number

If we break back above 146.71, we run to the top of the BB and at least to the middle of the pichfork.

Tuesday, May 10, 2011

Gold, back in the saddle again

Wow, if you would not have seen the carnage in silver, this sure looks like a normal correction to me.  I am still long, and am expecting this channel to hold at least through the end of the month.  Big delivery month coming.

Wednesday, May 4, 2011

Miners are getting interesting here.

SLW turns positive, SIL and GDX, and GDXJ form doji's and hammers.  Also, watch for GOLD to break that rectangle.