Monday, September 29, 2014 5:43:37 PM
That's if DXY keeps pushing, as the driving force in gold falling, then the dow/gold ratio indicators probably won't have much influence trying to feel for a turning point in a gold bounce.
Technically, DXY could climb, Gold sideways and DJI fall, the ratio would still come down as an appearance of a asset class shift, but deceitfully nullifying the ratio chart theory for use in short term Gold bottom fishing.
I put more weight into DXY than the ratio, but I'm tracking the ratio for study and future use.
More than likely I will start scaling long Nugt tomorrow, see how your low 24's call holds up in the bank! :D
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM