Monday, December 16, 2013

16 Dec 2013

 Gold rests on a long term trendline.
 I finally have this going back longer.  Now you can see my long term indicator's behavior at the previous two peaks.  It looks like it can stay high for a long time and even show weakness when the Dow climbs.
 McClellan summation index shows divergences with the Dow.  Currently, we've been getting weaker except for the peak in 2012.
 Medium term indicator slightly oversold.
 Short term indicators neither oversold nor overbought.

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