Friday, October 10, 2014 12:05:31 PM
Hi Toof, Re: Precious Metals...................
It's been a long bear market for the shiny stuff. But this looks like the third bounce for gold right now.
It's somewhat encouraging to see the Accum/Dist line level out this year after a long slide. Looks like there is better balance between buyers and sellers. Also, the total weekly volume seems to have played itself out.
AIM's had me buy more IAU over the last two years, but none since the beginning of 2014.
It's been a long bear market for the shiny stuff. But this looks like the third bounce for gold right now.
It's somewhat encouraging to see the Accum/Dist line level out this year after a long slide. Looks like there is better balance between buyers and sellers. Also, the total weekly volume seems to have played itself out.
AIM's had me buy more IAU over the last two years, but none since the beginning of 2014.
Best regards,
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