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Rhee

12/19/13 9:28 AM

#287993 RE: matt24d #287969

GOLD - The double bottom from June should at least provide a bounce on a positive divergence. In 2014, if the fed continues its dovish policy on interest rates and inflation sets in as many predict it will, gold would be the beneficiary.

As for the pennies, they don't necessarily move with the indices as they are manipulated and have their own narratives. For instance, sometimes they have to be pushed back up above the dollar mark, or of course they dilute. For instance, GSS is up in pre-market, for whatever reason.

But the fact is that gold and silver move very mysteriously. And the volatility might be a bit cray-cray for the next little while. The key is to trade off the technicals along one's own timeframe, noting that different timeframes afford very different trends/conclusions.