Will it fire, or break the trendline?
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THE GOLDEN SLINGSHOT
"Gold and the Gold shares (HUI) are trading near a high, but tehy been unable to breakout for some weeks. Result: too Many potential bulls are looking at the seasonal factors, and selling down. Others have decided to simply stay away, because they are worried that the gold-and-gold share market are rolling over. Consider what will happen if the seasonal charts don't work this time, and instead of falling, the the action surprises them, and HUI and Gold breakout to fresh highs. Then, suddenly, a load of money that had been in the gold market, but recently moved "to the sidelines" will come rushing back in, accelerating the push in price above the breakout area. We have seen this before at important breakout points."
Explained in more detail, and with charts here:
http://www.greenenergyinvestors.com/index....=1395&st=84
The next few days should be interesting, giving an important signal.