"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, April 19, 2011

Agro Vating? Not Really...

But it is a lesson once again that you don't always have to know why the charts are saying what they are saying.  This post was made last summer as the GKX was breaking out of a wedge and looking interesting during a bearish summer.  I failed to take advantage here, although did so w/ the Uranium patch on the way to a nice 100% round trip.

Here is the same GKX chart from the original post, gulp... updated and way higher now.  But charts don't work they say.

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