langy asked me to post these charts here....keep in mind that IDKS....
the red resistance lines are where i thought the bottom would be....IDKS
gold equities at long term weekly support
at zero!!!!!
i'm scairt...lol
this is my favorite indicator....when the $nya50r hits 20 it has been a great buying opp in the past....it let me down this time... ouch....works great in a bull market :) (below)
i want to mention that i drew this chart many moons ago....i have heard recently that some in the industry are expecting a "glut" in natural gas supplies...many gas wells are drilled and just waiting for connection to high pressure pipelines.... i don't get it....we are sitting on a huge NG reserve in the US....why in the hell aren't we using NG in auto's? is there technology to turn NG into liquid fuel for cars?
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