FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***XOI & OIH on Friday, close out July with an interesting bearish slide, some would argue engulfing, volume was higher, also the most interesting fact was the fact that oil actually traded higher into the weekend, consumers are left paying higher gases at the pumps but the stocks are declining, market psychology all time highs, these oil plays are overvalued, I really can't wait for the $GOLD stocks buy I see once the bear market resumes and finishes it's first initial sling-shot lower...

For the $GOLD stocks, we'll use the HUI as the 3rd chart in the following line-up, 3-year/weekly of each...

*OIH (second chart) note how the recent top this past week is unconfirmed as a new high with RSI and even slow stochastics and most importantly upward volume...

*HUI (bottom chart) sentiment remains neutral short-term, broader market bear would initially tear this lower as $GOLD sub-$400 seems rather inevitable now but it will only be brief in terms of what is coming ahead in the move for $GOLD... reminder that $GOLD stocks did extremely well during what seemed to be eternal recession in the '30's, $GOLD is now free from all currencies, it will explode this time around literally...