They are starting to give that confirmation I was waiting to see, SLV is more advanced than GLD, but it does take 3C about 20 bars to catch up (figure a 1 min chart, that's about 20 mins).
NUGT / GDX are also looking good here.
I was hoping that I'd have more developed signals before putting this post up and I'll keep watching.
I'm also interested in the market, I thing it comes down as expected, the TICK is AGAIN trendless.
I think it's time to look at some other assets, support/bellwether assets
GLD 1 min
SLV 1 min
GDX-Gold miners 1 min
HUGT 3x leveraged long GDX/Gold miners.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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