Oversold, will be handsomely rewarded for patiencePersonally, Rick Rule is an investing hero of mine, and I hang on his experience and follow many of his insights. This is so oversold, and PM's are about to turn the corner. As Japan does, so goes Europe and the US... we are all about to embark on endless QE as the deflation wave begins the prelude to the hyperinflation wave that will be coming in the years ahead.
ABX
Updated: TimWest ABX Chart showing Low Risk CCI EntryTimWest "Buy pullbacks to "0" in CCI (21-day) and then exit on the next move to +100 and +150. I doubt it will get to +200 again right away unless we have a move in VIX to 18-20."
With Fed Mtg around the corner and Vix climbing and GLD climbing. Could be solid entry point
If you like gold now then you’ll love it at $1434A move up through $1434 (green horizontal line) could take us to $1570, $1790, $1920, and beyond...
