|Gold Shares Review|
Gold Shares' overall trend, revealed by trends of price, leverage, and time, are define and discussed below for subscribers.
Secondary and primary trends define a mixture of consolidation and downside alignment. Downside alignment of the primary trend, a signal that could be generated at the end of November, would be the most concerning to the bulls. Traders follow these trends as long as alignment and TIME permit.
Intermarket flows (IMF) confirm what many refuse to see - the bulls are swimming against the current! I honestly cannot say why, other than years of experience have taught me to listen to the computer which focuses solely on the message of the market.
The Precious Metals Composite says the recent rally in the gold shares is vulnerable.
Precious Metals Composite (PMC)
Two important lessons about intermarket flows: (1) Trades taken against IMF generally translate into losses, and (2) IMF is smarter than any opinion or expert regardless of influence, station, or expertise.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.