Canvas Secondary

GOLD’S D-WAVE CONFIRMED

With the move below $1535 this morning gold has confirmed that it is still moving down into a D-Wave bottom. There has been some question as to whether or not the D-Wave had bottomed in September. The penetration of that intermediate low this morning confirms that the D-Wave did not end during the overnight selloff on September 26.

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Au Ready?

Held captive by the low volume holiday week, gold sector investors look as if they will get dunked again upon the US market open today.  There are a few different potential scenarios in play with regard to the gold stocks, but gold itself has been pretty clear since the momentum-fueled ‘channel buster up’ last summer. […]

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