Sunday, December 16, 2012

An uninformative look at $BPGDM


Here's the bullish percent goldminers index, daily:


It actually looks like it would have been a good idea to buy gold miners when RSI was strongly negative and MACD crossed up, and then dump gold miners when RSI was strongly positive, and MACD crossed down.

Now we're back in a time when RSI is strongly negative, and maybe MACD could cross up?

Here's the weekly:


Again who knows, except the weekly RSI was very contrarian bearish in September, and now it's not.

Frankly, I'd think if you're one of those bozos who bottom-feeds, this is more a time to be buying goldminers, not selling.

Other than that, who knows.


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