Gold Miner Index Breadth Oscillator Forward-Reckoning®
Gold Bear Market Is Dead - Jan 27, 2015
Denaliguide's Summit
Posted Jan 28, 2015
The Gold Bear has Died from Loss of Blood.
Whether it was BIG JIM, Little Brother GIMBO, or Cousin Bubba that stuck GoldieBear with a spear or lodged an arrow, it is clear that as GoldieBear got older, he got weaker.
I think the time had come to get in close and deliver some lethal blows (you see them on the graphic). GoldieBear died of Exsanguination is the process of blood loss, to a degree sufficient to cause death. One does not have to lose all of one's blood to cause death.
SILVER DRAGON
Composed slightly differently than the HYDRA-DRAGON AS a dual oscillator based on both BREADTH and Money VOLUME, it operates more or less the same, this Dragon too refused to be sucked in by the “Stink-Bait” offered by the clear price manipulation, alerting us 1 mo. ahead of the PRICE LOW, and also what will likely turn out to be a Double Bottom on the GDX. Part of this Savvy is shown by the SRL's which are holding Firm showing the potential path of support they trace out over Jan, Feb and March, quite like happened in 2014.
In contrast, I see this as the end of the Gold Bear Market and the beginning of a TREND I see supporting a Gold Bull Market. Sufficient time under the gun of the PsyWarOps constant drumbeat from the MSM (mangle, spindle and mutilate) news distortions, makes us all a bit gun-shy and leaves our vision a bit blurry from the concussive effects, and this is what I see NOW>
SilverDRAGON - RYDEX PRECIOUS METALS FUNDS ASSETS
The SilverDRAGON, is a compilation of the Funds in the RYDEX PRECIOUS METAL FUND and the slower GIMBO, so that when the Blue(Purple) is above the RED, we are in a LONG Mode, and in the reverse in a SHORT MODE is indicated. In the current position we are in a LONG MODE.
Consolidation remains a possibility, but does not feel as if a threat to this TREND.
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