This is the first time in the past decade - when there has been a convergence of the major three technical signals -
GOLD & Metal Mining Stocks Approaching Most Oversold - Level Since Start of Bull Market -
The obvious pair trade here is to go long mining stocks and short the S&P500 - This is the first time in the past decade when there has been a convergence of these three technical signals. Not only has the XAU/SPX fallen outside of its long-term trend channel, but both the RSI and MACD indicators are flashing oversold. Conditions such as this tend not to persist for long, especially against a backdrop of strengthening fundamentals for precious metals. by Jason
a Golden rule is that once the price breaks above the 3rd fanline of the 3-arc Fan Correction, it is free to take off higher, but if we have figured out the game plan in advance we don't have to miss out on a juicy $100 advance to that point while we wait for such confirmation. Instead, buying now and jamming in a stop below the support shown makes a lot more sense from a risk/reward perspective -
Caledonia's Financial Reports tells us a Real Good Future -
for Caledonia low cost Gold production & Great Earnings....enjoy - :-)
Gold Market Update - Did Gold Stocks Bottom Last Week? -
GOLD last summer high when investors sought refuge from the EURO fiat DEBT, which was falling apart of its components had a really hard time peddling their legacy of EURO DEBT and the debt only going higher in US & EURO - GOLD will be bullish UP and much HIGHER when more want SAFETY from HIGH fiat DEBT -
Elliott wave predicts GOLD @ $32,659.-- per ounce - :-) on the 16 Jan 2015 -
Europeans credited the ancient city to everyone from wandering Phoenicians to the biblical Queen of Sheba. In so doing, they began a long insidious European tradition of willful misinterpretation of Africa's past, until, in the ultimate irony, the place where human history began would become a place with no history of its own.
"Cloaked in darkness since medieval times, the spectacular ruins of the once dazzling, southern African kingdom of Great Zimbabwe posed a thorny dilemma for white settlers who claimed to have 'discovered' the region a mere hundred years before. Refusing to believe the massive, finely hewn walls could be the product of native culture, white "experts" eager to claim the land for Europeans credited the ancient city to everyone from wandering Phoenicians to the biblical Queen of Sheba.
In so doing, they began a long insidious European tradition of willful misinterpretation of Africa's past, until, in the ultimate irony, the place where human history began would become a place with no history of its own.
Now, trek inland to the remote site of Great Zimbabwe, a fabulous "lost city," which reached its glory in the 14th century. Then, sift the sands of time to uncover the equally splendid culture of Africa's Swahili Coast. The fabulously wealthy center of the thriving gold and ivory trades until the 16th century, its cities now lie all but forgotten, buried under centuries of indifference. Reclaiming their past from a long tradition of racial prejudice and neglect, the descendants of these lost cultures are only now discovering the extraordinary achievements of Africa's indigenous civilizations.