The last sentence discusses the the RSI of GPL. RSI, as you know, measures the state of sales from OVERSOLD to OVERBOUGHT. During the last correction of GPL, its RSI hit just over 30. It is at that point again.
Sean considers the breaching of the 50 DMA as very negative. This also happened during the last correction. As I write this, gold is trading at 1,509, just about $10 away from its peak. Silver is 45.8. Now is the time to buy some more GPL.
Tuesday, April 26, 2011
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