Typical response from someone who mock a set of tools but can't explain why they are skeptical except to use vague philosophy.
"Gold is moving is the only reason I need to be optimistic."
Crude is moving too so is that reason to be optimistic?
Skol, I am surprised you are bottom picking oil sector. The crude collapse has been even more severe in rate of fall terms than gold. Yes I know crude oil is a commodity that is consumed as a necessity but unless the shale frackers suffers the effects like out local IO producers. I would say there is still a lot of base formation before we see a reversing in the price. Just like our IO producers the supply side has not diminished enough in structural terms to be tipping the balance on the status quo.
