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Gary Tanashian is proprietor of and Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' ( Complimentary analysis and commentary is available at the... More
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  • Gold Stock Sector - Real Big Picture 0 comments
    Aug 27, 2012 1:22 PM | about stocks: GDX, GLD, IAU

    In NFTRH 201 we looked at daily, weekly and monthly views of the HUI and interpreted what each had to say about their respective time frames (short term, intermediate and bigger picture).

    Here is the REAL big picture view as represented by the Barron's Gold Mining Index. Don't Elliott Wave people go on about a concept known as 5 waves? Isn't the 5th wave supposed to be a powerful one?

    I am not an EW, so consider that a disclaimer for this post. We'll stick with the shorter time frames mostly, but this chart helped us keep perspective over the last year when used along with the shorter term stuff.

    (click to enlarge)

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    Stocks: GDX, GLD, IAU
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