Denaliguide Summit

HOW DOES THAT MAKE YOU FEEL?

DEPRESSED ? DISTRAUGHT ? AGGRAVATED ? Not unusual ways to FEEL when it looks like you been down so long it looks like UP and or all manner of commentators, qualified or not, tell you GOLD is going Down. So now you are emotionally hammered. NOW what is the Reality about this picture? POINT 1 IN EITHER OF THESE THREE CHARTS IS a previous LOW that has HELD was in the beginning of MARCH

So what besides using a lot of ink from my Printer, show?? Well the top chart is the THEORETICAL showing of the SINEWAVE SAWTOOTH in the same time frame as the K-2 Oscillator. Right now as of this weekend BREADTH, as it stands the K-2 Oscillator shows that only 2 of 36 recognized Gold Miners are yet above their 50 Day Moving Average, which is exactly one stock higher than its March bottom so now the K-2 Oscillator is 3% off its bottom, vs 1% back in March. Note that in PRICING, HGU.To is a 2X ETF of stocks similar to those in the K-2 Oscillator. The fact it is leveraged adds to its vertical fluctuation. So we have a Theoretical SINEWAVE expressed in SAWTOOTH FORMAT. We have BREADTH represented by K-2 Oscillator covering 36 of the best known GOLD Miners, and most important of all, you have $$ Pricing of a Representative Levered ETF, HGU.To having held the MA ($1.00RCH bottom and rebounding 8%, ($1.00) off that bottom.

NOW HOW DOES THAT MAKE YOU FEEL ? At the beginning of this post I’d not be surprised to hear you say DEPRESSED.

Since this is FYI, here at the end of this post I would be surprised to hear your Depressed. No I am not euphoric, or impaired on mind altering drugs. Maybe Scotch later…….However, I have been beat up enuf that this sequence is familiar to me, while it can cause me Heartburn, it only slightly stresses me. Like experienced sailors are used to seeing waves slop over on their decks, they roll with the ship, knowing it will right. Stormy seas exist, choppy seas exist, and at the end its a bunch of long interval ground swells. We will know when the chop stops, but not before hand just like Jesus 2nd coming. Might be a religious experience when the chop stops. Questions? you know how to get me.

DG