Gold and Silver are so manipulated -(just refer o the Dodd-Frank legislation that made OTC trading in both illegal and put nearly all PM trading under the corrupt reign of the Comex's relentless margin hikes) I am very careful about trading them, you just never know when word will come down to the CMe and the next margin hike will hit.
GLD 1 min negative divergence
GLD 5 min negative divergence
GLD 10 min positive leading divergence
DIA 15 min positive leading divergence.
GLD 5 min 3C depth chart indicates a decent round of accumulation eight where I expected it, at the 150 day moving average. It would seem that this trough of accumulation is just getting started as far as the view beyond intraday-however, we never know when a margin hike may hit. The 1/5 min divergences could be a tell, or they could be nothing.
The 15 min GLD chart shows another area that suggests a decent area of accumulation not seen since June.
have a small position in DGP, I'll probably let it ride, but I have considered taking profits to try to re-establish it at a lower price. I believe though I will take the longer view and just leave it for now.
No comments:
Post a Comment