Newmont

NEM closed right on the upper channel trendline. Is this a backtest and then bounce? Typically that is what would occur… NEM stopped at the 200 sma.

screen-shot-2016-12-31-at-10-12-31-am

 

UUP close right under the trend channel. I might need to make my lines thicker. πŸ™‚

screen-shot-2016-12-31-at-10-15-41-am

My musings on the elimination of cash. If governments succeed in eliminating cash, I think that would be the end of the dollar’s reign and bullish for commodities as where else are you going to keep your savings safe? Having a bag of rice in your kitchen is better than keeping dollars in the bank where it is liable to be confiscated at whim. πŸ™‚ Just look at what happened in Greece.

Happy New Year!

 

 

 

One thought on “Newmont

  1. Hi Susan, Do you think UUP will break lower or continue rising at the same angle? Thanks for your great work and sharing with me (I’m a novice and am learning from your information). Regards, Steve

    Sent from my iPad

    >

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