Zeev's Turnips Patch-No Politics (ZEEV)

[westpacific]

HUI - gold/short anyone?

One ugly looking chart.

-break off the top on a bearish three
-cannot get above 200 day MA
-50 day MA heading to crash back uner the 200 day within a week.
-Showing no signs of a rally from a deep oversold position for over 2 months now!!!!
-B Bands in a downwave formation now with a tightening neck, we either collapse or bounce.
-Bowl formation is extremely bearish on the metal - chinese nest of bowls may have ended.
-Four golden bowls show a breakdown about to begin.
-180 HUI must hold for gold bugs and sould test it this month.
-$400 gold the line in the sand.

-------Do or die for gold bugs RIGHT HERE and now. Watch this for a trade.

And what does this say for the dollar, RALLY - gold breakdown and dollar rally. Bill Gates is COVERING IMO.
-The dollar chart is PERFECT set up for a rally now for the rest of this year. If by May we see it break and hold above 82 dollar bear is done for now.