Replies to post #18218 on Mostly: Classical

[Frank Pembleton]

another look at the XGD using a different set-up:

Note: ADX is finally above 20 and the RSI is still, oddly enough, NOT overbought.

[ItsAllCyclical]

People think gold is not acting like it should given what's happening in the US. When viewed globally gold is behaving exactly as it should. Dollar strength is very temporary and fake. Whether that's another month, 6 months or a few years yet is hard to tell, but given what's happening I'll continue to acquire the physical w/excess profits when seen. I plan on adding to my physical gold holdings around 950 and then again shy of 1,000. Still possible that the Fed/Treasury cap gold here as this was the level that made them uncomfortable last fall. If the HUI breaks down thru 285 on a closing basis (will have too look and see what number exactly), but I'll probably go long DZZ to hedge existing positions. That's the plan for now.