Gold Raging Upward - Important Graphs & Charts

Here is up to date GLD (gold proxy) with all signs very strong. These are very strong technical signs. In the back of my mind, I wonder why the boyz have not swung the hammer. Perhaps, after India jumped on the IMF gold, other bullion banks, even the boyz, may have swung over to the buying side. Could be, but I just do not know. By the way, India paid with SDRs, not dollars. Was that their choice or did the IMF not want dollars???? Could be that the IMF is avoiding dollars.

Gold is moving up very rapidly. It is racing toward 1100 and could make it today. Were this to continue, the Lemmings would be piling on very soon. Even at this late date, if we are in the third phase, there is still profit to be made.
I'm bailing out of BULM, because with the the run up in gold it is under performing most of our miners. I have been selling at 0.69 and 0.70. My orders are in now, but only one has been executed as this is written. Most of you should have received my email as the orders were being prepared.
The miners are tagging along with all of the precious metals. This GDX graph is very strong, almost as strong as the metal, itself.
Silver is making a very strong move, too. The silver eagles are now in the range of $20.03 or so. We should have bought yesterday. Ever consider how accurate hind sight is. They are likely still a good buy at this new price. That is particularly true if you have none.
Hecla Mining is making a strong showing following silver. However, we do need a close above $5.00 to give more confidence. This is likely today unless the situation changes drastically.
Here are the miners from Scottrade:
Here are the currencies from Kitco.com:
BULM last was 0.68; BYDDF 9.50; AMNP 0.83; DOW is 118.80 to 9890; Gold is 1092.10, and silver 17.49.

My last thought on this market is that both of our metals have run up very rapidly. It may be time for a consolidation or correction before the climb is continued. Remember that it is not always one continuous climb unless we are deep into the third phase streaking for the blow out. I would add that we should be a bit cautious presently, because only God knows the future. We often think we have great hold on what the future holds, but we do not. We can only judge on the basis of what we have seen in the past and immediate present.

We make our plans in accordance with God's word and the wisdom which He provides, then we act, and wait for Him to provide the results. However, the results are totally in accordance with His word, and not necessarily in concert with our wishes, dreams, or prayers. However, we always give the praise to Him for what He provides. He also promises that if we will seek first His Kingdom all our needs will be met. That is the wonder of our magnificent King Jesus.

Best to each, Doug