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Scary Gold Headline Selling Panic, Fear, Doubt, and Hiding…

 
Be patient and strong. Gold’s sharp decline, reinforced by ‘scary’ headlines, has generated panic, fear, and doubt in precious metals.  The decline as also generated diffusion index reading of 71% – a bullish setup not since 07/24/13 at $1572 (chart 1). As pessimism grows, so does the panic selling that hides the transfer of control from the weak to strong hands.  In other words, don’t expect the headlines to recognize it.  DI readings above 70% only need a trigger event to generated an unexpected outcome.

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