HGU.TO - this is my speculation (see chart below) using the vol/price indicator I'm speculating that some catalyst from out of nowhere will push the price back up to the next big congestion area - a possible 40 to 50% gain is dangling in the back of my mind which is why I've been holding so patiently, but a breach below support and I'm out.
Gold is touted by the bugs as grossly undervalued... SB well over 2K in inflation adjusted dollars.. If the last meltdown and oil @ 150 didn't do it... I gotta wonder... what is holding it back ? I'm still thinking about all those broken balance sheets... right down to the most important ones... The households..
Today: US CPI was negative 97 billion OUTFLOWS of foreign dollars from US.. expected small INFLOW ... Dollar negative I guess.. The world votes... I thought gold should have popped on that.. Industrial production down more than expected.. I believe they said capacity utilisation at record lows.. since recording began..
We know consumer spending is down. That's a lot of deflationary pressure..
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