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Post by simonsays on Aug 12, 2014 9:38:27 GMT -5
Very bullish action in miners this morning. Certain names are really breaking out. This suggests a break upward from this long consolidation for the sector. Cycles guys may have to opt for the extended first DC rather than failed second DC imho (not that it really matters....).
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Post by brad949 on Aug 12, 2014 9:56:50 GMT -5
Very bullish action in miners this morning. Certain names are really breaking out. This suggests a break upward from this long consolidation for the sector. Cycles guys may have to opt for the extended first DC rather than failed second DC imho (not that it really matters....). They have a perfect record explaining the past. |
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pkf
Junior Member
Posts: 52 
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Post by pkf on Aug 12, 2014 10:37:52 GMT -5
Very bullish action in miners this morning. Certain names are really breaking out. This suggests a break upward from this long consolidation for the sector. Cycles guys may have to opt for the extended first DC rather than failed second DC imho (not that it really matters....). The "strong" are getting stronger and that is indeed a good sign. The "weak" are just meandering and although certainly not bullish, at least they are not falling apart. However, in a REAL BULL MARKET, we definitely need some of the laggards (not all) to begin partaking in the party or we run the risk of a more serious correction. At least we are not far from key levels for many of these laggards and if they can get moving here, it will really set the stage for a powerful run. As a reminder, maintain the focus strictly on the miners and do not be fooled or misled by following gold. Gold has plenty of work to do here and IS NOT my vehicle of choice here. |
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Post by sb on Aug 12, 2014 10:59:22 GMT -5
If HUI can get over 252 it will have bested last month's high. It looks like we'll see generally higher prices for months to come, whether they explode higher or just drift is anybody's guess, but the direction is higher.
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pkf
Junior Member
Posts: 52
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Post by pkf on Aug 12, 2014 11:07:07 GMT -5
If HUI can get over 252 it will have bested last month's high. It looks like we'll see generally higher prices for months to come, whether they explode higher or just drift is anybody's guess, but the direction is higher. i would like to see the March highs exceeded. Those highs are technically more meaningful. Overall however, the price action of the leaders (FNV, RGLD) tells us that it is not a question of "if" but "when" those highs are exceeded. |
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