Gold Stock Sector - Real Big Picture - Gary Tanashian

Send Message

Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium newsletter Notes From the Rabbit Hole (http://www.biiwii.com/NFTRH/subscribe.htm). Complimentary analysis and commentary is available at the 'Biiwii Blog'... More

My company:: Biiwii.com's Notes From the Rabbit Hole
My blog:: Biiwii.com's Notes From the Rabbit Hole

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)
http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
Subscribe to NFTRH or
Subscribe to the free eLetter

Themes: gold stocks, precious metals, gold Stocks: GDX, GLD, IAU

Back To Gary Tanashian's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.