(This post was last modified: 2023-01-15, 03:09 PM by pcabc.)
RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Gold & Silver v their miners
The gold and silver charts plus breadth of their miners is looking interesting. We seem to be going from a point where everything was headiing south to everything strengthening.
On both breadth charts as well as the metals themselves making positive moves, the 1% A/D for the respective miners are both xrossing the zero line in a posative direction and the % stocks about the 20, 50 and 200 day EMAs as well as the gold and silver cross indicies are all positive. I would expect gold to pull back dramitically following the rapid rise of the last week. Silver could also pull back, but gold looks overextended.