Mostly: Classical

[Zolt]

I just found this and thought it might be of interest.

http://www.jsmineset.com/home.asp?VAfg=1&RQ=EDL,1&AR_T=1&GID=&linkid=1148&T_ARID...

I just posted the link, because there are charts that I don't know how to bring over. If not here is just the text.

Sell recommendations by the gold stock advisers and the gold share traders tripping over themselves to sell ahead of other gold share investors has reinforced the confidence of the short side of gold itself.



Regardless, the gold bullion and futures traders are encouraged by the peek out of the down trend of the euro. There is increasing inside talk that the IMF may well advise the Asian Nations to refrain from building up additional US dollar reserves at the September 20th G7 meeting.
The long bond has backed off its downtrend line from the top and now sits on the power up trend line of this last little rally. On balance with the exception of the gold shares themselves all is well for gold.

However, you must do what TA demands you to do. So in the shares you are holding, violation of power up trends or violations of Fibonacci lines on the downside cannot be ignored by smart traders.

Leave gold itself to me and protect yourselves by 1/3 sales TA demand and/or TA correct. Smart traders and aggressive investors never ignore warning signs.

Gold:

Still firmly intact in breakout and up trend. Selling by shorts testing the near term up trend lines.









US Dollar:

Breakdown from bearish rising wedge has price objective short term at .9395 and then at .9238. This is quite gold positive.






Euro:

One penny out of downtrend from the high which is quite gold positive.





Silver:

Like gold, the hard stuff is infinitely more bullish than the shares.

In all probability it will take two days closing over gold at $400 to put Vitamin B12 back into the gold shares as gold advisers trip all over themselves to lock in their statistically great performances so as to be able to induce their next rush of subscribers.