have to remember, trends generally develop 'quietly'. Folks opposed to gold, pro-stock market, the moon is the limit start to 'see' gold as a place to be..
I dont' know, but the price of the metals resilience in the face of the fed minutes release, efforts to prop up the $ again, market trying to rally to Dow 25000 before the end of Feb etc is intriguing.
I only mention this because I keep looking for signals that trends could be developing in order to try and take advantage of them before they are 'recognized' and too far advanced off the pivot point... Yeah, I sold a lot of my shares the other day of Nugt and Jnug cause of the hit gold took and then recovered from... and am now looking at individual miner charts wondering if I am seeing some 'flushing out/capitulation' moves on some positions like AGs hit today. A dip like this is something to pay attention to, cause just maybe, the stock market is finally running into headwinds. The Fed failed to give the market a boost by not putting Mar on the table.. And despite the rumor that a tax cut proposal might not be as significant as the market is 'pricing in'... starting to hear, its not going to meet market hype/expectations...
so is it finally possible, the market hypesters are running out of reasons to keep it running up? Not to say it will sell down as long as they can keep the 'fear' of a collapse muted. But IF an uneasiness starts to build, I am going to be looking for signs those uneasy are quietly supporting 'gold'.. and building positions when the miners still appear to be facing negative pressure..