chartwatch, page-68

Can't do much about exogenous shocks. Still, FML is bouncing about on lower median line parallel, and I'd be somewhat surprised if she goes below 5.5 cents (yellow parallel) as the volume strength is holding up. Btw: I rely on the fundamentals when I buy/sell. It's nice though when the chart confirms the fundamentals - allows for better timing for entry. As for exit? Well, I'm hanging in there myself. Still expect gold to go well over USD 4000, simply because IMF SDRs have run wildly ahead of new gold supply over the last 10 years or more. Central banks are still printing like crazy, and QE3 (and QE4, QE5 etc etc) is/are inevitable events somewhere down the track, otherwise everything falls in a really big heap.