by Bill Holter, Miles Franklin:
I came across a couple of “monthly” charts last week and my face just lit up! The 2 charts above (courtesy of Trader Dan Norcini) are exactly why you can no longer wait to enter the metals in either “form.” When I say either form I mean either through the mining shares (which are already 30%+ off of their lows) or the physical metal itself. When you look at these charts, please make very close note of the “MACD’s.” These are “the moving average convergence/divergence.” Without getting too highly technical they are a “trading tool,” let me explain.
Charts can be ultra-short term as in minutes or even seconds, or they can be very long term as in months or years. Obviously the very short term charts are used for trading while the long term charts will help you time your “big bets” for core capital.
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