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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: isopatch9/4/2019 2:05:59 PM
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JMHO. That said? Think NG E&Ps (not sinking beneath the waves because of excessive debt) which R well positioned in the most productive basins, with good pipeline access, and location close to major consumption markets, are building bottom formations.

As it becomes clear another cold winter (perhaps colder than last heating season) is unfolding east of the Rockies? These stocks will rally strongly.

Early frost this month would do a lot to make that so. We shall see...

Just one example: Note the blowout climactic volume in recent years is now sharply declining. .

Very LT weekly RRC chart followed by recent months and finally the very telling 10 day hourly.

If my working hypothesis for late this year & 1st qtr 2020 is even close to correct? The daily will be next to print positive divergences already apparent in the hourly and an important tradable bottom will take shape.

Key price/volume resistance currently 5.75 - 6.00. Needs to blast through there on big volume day to get this wagon rolling.



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