Do not neglect corporate worship of King Jesus - Check the Graphs

I have been mentioning the MACD and RSI from time to time. Here is a brief description of each.
Moving Average Convergence/Divergence (MACD) - Difference of two EMAs that shows a stock's momentum and direction.
Relative Strength Index (RSI) - Shows how strongly a stock is moving in its current direction.

On the US Dollar graph the RSI might be turning up slightly. Long term the dollar is in a bear market which should be getting worse. The MACD does not confirm the slight upward bend. Thus, we would expect the dollar to break out downside before too long. Notice the wedge or flag technical trend indications where it seems that the dollar index is moving toward the lower of the trend lines. This, too, is negative for the dollar. The worst thing about the dollar is the serious threat to the international reserve status of the dollar toward which China and Russia are strongly pushing with their purchases of IMF basket of funds CDs or bonds.
Gold is struggling a bit today after two really strong days of positive moves. At this point in writing gold is 986.60 which is off some 5.10 on the day. It may well be resting for another run at $1,000. The $1,000 barrier of resistance has proved formidable thus far, but it will be broken and maybe very soon. We have yet to see any concerted effort by the Fed Reserve and bullion banks to slam gold down on this move.

Below, is the graph on Gold which is showing an upward moving trough. A break above 990 would certainly be expected to crash through $1,000. Note the strong upward bend in the RSI which confirmed by the MACD. This is a very strongly positive graph. Gold should take a bit of a rest, but there is a strong upward bias. The increased demand of India and China could be having a strong impact upon the price.
The miners have been having three hay days, also. The MACD is stronger than the RSI, but both are positive. I have not reset my trailing stops, but am not anxious to sell from my portfolio of mining stocks at this point in time. I am definitely holding out for more upward price movement.
Silver is holding pretty strong at 15.90, but is down 0.23 for the day and is on a down tick.
By the way, the closing prices each day are more significant that the intraday prices. We will be examining the closing prices at the in of this Friday. Friday's are often surprising!

My last purchase yesterday was BULM at 0.551 which was the low for the day and my purchase was the only one made at that price according to monitoring the activity. Our BYDDF is trading at 7.04 today up from yesterday. It is very near the 52 week high of 7.05. This is turning out to be a big winner. I hope that you have gotten on board. It may not be too late even though you may be waiting for a fall back. There are times, when there is no fall back in price.

Here are the miners compliments of Scottrade (Home of the $7 trades).

Gold 987.30 and silver 15.88. Both are on down ticks at present.

Do not fail to join in corporate worship of King Jesus on the Lord's Day. It is our duty and privilege to honor Him. We are commissioned to bring all people and institutions into submission to His Lordship. And it is difficult enough even when strengthened by the fellowship and encouragement of His people. We also vitally need the spiritual encouragement of the Holy Spirit working through the sound preaching of the word and through participating in the two sacraments ordained by Jesus Christ.

Best to each, Doug