Wednesday, June 18, 2014

18 June 2014

 GDX has long term inverse head and shoulders.  Seems to be developing into an uptrend with a 50 day and 200 day crossover.

Gold seems to be developing an inverse head and shoulders as well.
Silver has developed a fairly tight triangle and support on its old resistance.

 Long term stocks are as overbought as ever.

 Medium term overbought.
Short term neutral.

My guess is still Dow hits 17K before anything changes.  Gotta roll it on the media.

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