CHART OF THE DAY

8 thoughts on “CHART OF THE DAY”

M.D.Cov January 10, 2015 at 1:15 am

Gary FWIW the Elliot Wave team thinks the US Dollar is at it’s peak ($92.63 — 2005 high) and now bearish on it and obviously NOW bullish on the Euro and thinks a bottom is in (1.177 Index).

They have been bullish on gold and silver for quite since November and just released an alert for higher prices going forward and rightfully so as gold closes near it’s intraday high with GDX miners even stronger closing at it’s highest since October 27th!

The trend is YOUR friend.
1. gary Post authorJanuary 10, 2015 at 12:55 pm
  
  Well other than my doubts about a final euro bottom until after the ECB meeting and the Greek vote I’m seeing the same thing.
  1. Huckleberry Finn January 10, 2015 at 4:52 pm
    
    Gary,
    Where do you see oil putting in a final bottom?
    Thanks
    1. gary Post authorJanuary 11, 2015 at 4:24 am
      
      It seems that OPEC has an agenda to keep oil lower so I really can’t say where oil is going to bottom.
  2. M.D.Cov January 10, 2015 at 5:52 pm
    
    You’re SPOT on Gary as usual…….
    
    I’m CURRENTLY 1/3 in gold mining stocks, 1/3 inverse oil ETF and 1/3 long equities as a hedge.
    1. gary Post authorJanuary 11, 2015 at 3:25 pm
      
      I would get out of that oil position as oil tagged its long-term secular bull market trendline this past week. That has the potential to form a bottom.
past subscriber January 10, 2015 at 6:26 am

Hey Gary,

Just FYI: I’d love to renew my subscription to your premium website, but I don’t feel comfortable signing up with my credit card directly – especially not with auto-renewals on, but even if they weren’t, I very rarely use my credit card on small websites.
1. gary Post authorJanuary 10, 2015 at 12:57 pm
  
  The site is PCI certified and you can turn off auto payments any time you like.

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