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LGL8054

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LGL8054

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Sunday, 06/02/2013 5:52:38 PM

Sunday, June 02, 2013 5:52:38 PM

Post# of 981
The gold miners index. $BPGDM.
StockCharts created a Bullish Percent Index for the miners in 2008. Notice the difference on this chart.
We are stuck in the bottom right corner of the chart.

Sc

So one of the ways to help spot a reversal in a sector is the Bullish Percent charts.
If this chart can get some upward momentum it might be time to trade some gold stocks.
Currently it is still depressed. On Friday, $GOLD was down $24 but the miners did not give up much of the gains from Thursday's push up.
A change in sentiment towards the gold mining stocks will show up on this chart. Patient technicians will be rewarded by staying tuned in.

The POWER of the Internet. Like the Six Gun in the Old West called an Equalizer.
Do your own DD, This post is my OPINION. ** TRUST, BUT VERIFY.**VERIFY

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