"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, August 23, 2011

Gold stock reminder...

Gold miners (lower panel) are not bearish... In fact, the H&S that gold bears have been fantasizing about has been pretty well negated in favor of the 'Handle' consolidation that NFTRH has been tracking all along.  A consolidation is very different from a top, eh?  The top panel gives the fundamental reasoning and if you do not understand that, get on it.  Don't obsess on the nominal price of gold.  It only causes greed and fear to get stoked.

















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