Gary Glover's clip made yesterday continues his general negative view of markets but brightens a little as he covers a few gold stocks: TRY, TGZ, KRM After long downtrends he sees signs of possible accumulation from higher lows and higher volume. He's been off the mark before though in prematurely calling recoveries in stocks like Newcrest, Kingsgate, and Silverlake to name just a few. Interesting though that such a cautious commentator gets optimistic about gold stocks at all. Also, earlier he puts up a long term monthly chart of the XMJ, being the materials and resources sector of the ASX200, showing how weak its performance is (Chart 1). I've also added the long term monthly chart of the gold stocks sector of the ASX200, ticker XGD, which at this time is showing a little more potential for a bottom imo (Chart 2) http://www.finnewsnetwork.com.au/ar...il&utm_term=0_93a5b03408-0a521fcbe4-137684005 Chart 1 Materials [imgz=http://forums.silverstackers.com/uploads/1893_xmj_june_2014.gif][/imgz] Chart 2 Gold stocks [imgz=http://forums.silverstackers.com/uploads/1893_xgd_monthly_june_2014.gif][/imgz]
