WallStScalper

No loose ends. But GOLD U leave me hanging on a positive string!

FX:XAUUSD   Gold / U.S. Dollar
1109 3 4
It's a normal linear scale chart which gives another impression of gold             than the logarithmic charts I published yesterday. (See links below).
The whole chart cant stay within the picture but push the "-" bottom to see the trend lines . Fits well in a channel.
Seems like gold             is hanging in there.... on a sting!

I have looked at the EW count as an 5 wave down and therefore not corrective. I'll look into to it again to see if a corrective count is possible. I'll return later on that part.

Production cost for miners should be in the neighborhood off $1100. A stop around and a reversal here will keep the miners alive. An gold             is continuously in strong demand. Google             it....

Safe trading ladies & gents!
@BLawrenceM

Music at work:
https://www.youtube.com/watch?v=yz1kvk9qeWI
http://open.spotify.com/track/2lfokjWEMj3JGRoZWRpIWR
The zoom out chart
snapshot
Reply
Miners should shot down first. THAT will be the bottom. This is all noise ... until FOMC next week!
Reply
Well I see it as great noise. Loose Ends was huge in the 80's ;) . Well any way. Maybe not needed to shut down... why not a consolidation phase where U see junior miners being bought by miners?
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