XMD 0.47% 10,302 s&p/asx midcap 50

what i call blind time here last week saw spx gold silver oil...

  1. cha
    5,333 Posts.
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    what i call blind time here

    last week saw spx gold silver oil copper and $US all pull back. now have to see what if anything gets a run in shortterm here

    US fa saw rates issue swinging to hawks at end of week

    for asx and commodities encouraged by spike in gold monday and support late in week for gold
    also $US rule of 3 to get through below 94c level and fall. now on wrong side of 94c. will see how plays out

    enough there to still see big picture for gold is AAAplus and uptrend still

    will see. may is traditionally one of hardest months for gold. july is second best so even if fades here should see it as a chance to get set in some missed out on over next few weeks

    in meantime tiddler vms ran this week on gold and lithium. small cap commods alive and well regardless of whether gold chart fades a bit

    on big picture ncm chart a ripper. touched $20. i was in this position years ago on ncm. took 3 swings at it. knew would get through. $19 to $23 and then $30 and then $40 . did it twice. looks dead set for history to repeat over next period of time. cant believe get this time over on ncm again

    bhp copper and oil churn still so as the irish say take your pick and sit in the corner as it churns along
    stx tiddler looks set but will see

    blind time but gold new high last monday was good. cant see drivers here for it till june but who cares. goldies unlocked and alive and well

    asx goldies held off till aussie rates decision tuesday then reverted up like rest monday. fade at moment on midcaps so happy to let market do its work on them and pull back a bit. some hotties like slr on way anyway. clearer picture next week. waiting time here but trend is ok still
 
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