Monday, November 2, 2015
PART 3 - GOLD TREND PRICE CHANGE - "GAME OF ZONES"
OK, now we look at the short term, but pick up a clue as to the change, right away.
Look at the lower panel, and it shows since Mid-July that the Relative Strength of GDX over SPX has beein increasing, striking higher highs and higher lows, consecutively. I won't belabor you with that happens when RELATIVE STRENGTH changes. If your doing you DUE DILIGENCE, you know. If not, you should then do your DUE DILIGENCE, summarized as DYODD "Do your own Due Dilgence."
Lets look at the REAL GOLD METAL'S DELIVERABLE PRICE.
Now priced at U$D 1207.50, after adjustment for currency levels. Deliverable Gold Metal is in an uptrend that started at the turn of the New Year 2015.
Now lets see a LIE in graphic form - supposed gold $$
Now it is one thing to ACCUSE dishonesty, and another to support that claim. Lets see how the strength of REAL PHYSICAL GOLD stacks up against PAPER FINANCIAL INSTRUMENTS.
I agree. But as BS detectors they do their job.
Further, the conditions are exactly what the BS detectors are showing. Were it not for those conditions, this would not show up this way.
There is more, but do I need to show it here, now, or do you want some time to do some Due Diligence?
How about MR. Nice Buy.?
Ah, that is enuf for now, it should give you the general idea.
If you want to Subscribe CLICK> SIMPLE TACTICS, The Short Answer- GAME of ZONES.