XGD - Broke the 200 day moving average

SilverSanchez

SilverSanchez

Active Member
Pierced it today, we'll see if it will close above. but that's pretty impressive.

Stocks usually lead the metals, silver usually leads gold.
There are some divergences out there but in general it looks pretty bullish over the next year or two
 
The dow and the asx pieced its 200dma to the downside..... looks potentially bearish

But Yellen can turn that around with what she says this week - FAR OUT ITS SO INSANE CRAZY OUT THERE!!
Nothing is according to the math/patterns - indicators that use to work don't anymore, everything is in upheaval
 
Not necessarily it still could be a false break out (gold to the upside and the stock indexes to the downside)

at this stage its 50/50
 
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