Wednesday, February 05, 2014

Gold low mid March (update)

Update March 20...bottom should be coming in soon, perhaps next week or by end of March,  of note is that Eric Hadik is looking for  a rally into April/May. I am still seeing this summer as a big high for gold and silver, 2015 may still go lower  for the metals, as Barrick's chart is projecting an  Oct. 2015 low right on the peak of Armstrong's  pi cycle.
Update Feb. 23.... 
trends are still showing mid march low is coming for multiple charts, this is the most probable outcome now. macd and cci are also rolling over on gold stock indices.

http://stockcharts.com/c-sc/sc?s=GDX&p=D&yr=0&mn=6&dy=0&i=p61932419554&r=1391662070186

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