FEBRUARY 7, 2018 IN ITS

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1 -GCRU- Weekly Trading Service Achieves gains by trading commodities, currencies and stocks FEBRUARY 7, 218 IN ITS 17 th YEAR Nº 773 FALLING KNIVES Omar Ayales The stock market took a dive this week as interest rates rose to new highs and volatility spiked. The VIX caught bids after breaking above a downtrend since 215 as we showed you last week. Short sellers of the VIX were taken to the woodshed and short covering fueled the strongest decline in stocks in 2 years. Trying to use trade as a political weapon or political measure as a means to increase trade with collectivist countries only makes the inevitable political frictions even worse - Milton Freedman, from the book Free to Choose Interestingly, commodities finished the week with minimum losses, telling us concern over rising inflation is likely to be the force behind the fear-driven collapse. And although inflation per the Fed s gauge remains subdued, below 2%, the 1 year and 3 year yields rose to new highs fueling speculation that real inflation is rising faster than being promoted. The 3-year yield impressively tested its key mega 8 month MA, a level it has tested only on 4 different occasions during the last 3+ years. 1

2 But these key resistance levels on the bond yields will not be easily surpassed. Our indicators are already showing signs of an intermediate top in bond yields. Some weakness is now likely; the yield on the 1 year T-note could fall to 2.5% yet remain within a bullish uptrend. Our chart of the week shows the Dow Jones Industrials finally taking a breather from its stellar rise... but it did all at once! It s now holding at its 15 week MA, but could stay volatile for a while. We sold the rest of our IYT just before the decline, securing a 12.5% gain and picked up some DIA, IYT, DO, XLE and REMAX all during the washout decline when our buy orders were triggered. Opportunities were around the corner indeed! Interestingly, gold did not rise with inflationary pressures. It actually fell a bit telling us the B decline pressure is weighing in on gold. Gold s B decline has been most evident in gold shares and silver, as both of these have declined the hardest. Gold shares and silver are nearing key support levels while gold remains lofty, just below the recent January highs. market support, the Dec 215 uptrend, is near $125 and the 217 lows near $1215. There s lots of support for gold in the $13-$1215 range. A decline to the mid $12s, or lower, should be used to buy back positions, since we sold some last week for an 11% gain. Gold shares and silver have led gold s B decline. Their indicators are reaching extremes faster than gold is. Another indication that gold is likely to follow in the weeks ahead. That being the case, and when the time comes, strength in gold could be notice first in gold shares and silver. HUI is quickly approaching its December lows as you can see on the next chart. And if broken, we could see the Dec 216 lows tested in a worst-case scenario. Keep an eye on the 5-week MA. HUI will remain weak until it closes back above it. Could the intermediate top and potential pull back in rates push gold to test its own support levels? It s likely. Remember gold s cyclical bull mkt thrives on rising inflation. Gold is very bullish above $135, and its 23 mo MA is near $127. Moreover, gold s cyclical bull 2

3 Our positions are solid companies with lots of upside potential. They re a bargain at current values. You should have positions built in already and recommend adding to your positions only on further weakness. We also recommend giving your positions some leeway. Don t feel pressured into selling on weakness. Analyze. The key is not to lose sight of gold s strength within its cyclical bull market. Any weakness in gold shares will likely be short lived. The U.S. dollar index is holding above 88 and has started to rebound. Whether it ends up being a dead rat bounce or something stronger, it s yet to be seen. The dollar index has its first key resistance near 92, the Mar downtrend, and a stronger resistance at the Dec 216 downtrend near 95. Unless the dollar breaks above these levels, downside pressure will continue to push the dollar lower. Having said that, the dollar is starting to show rebounding strength at the lows, and it could be the catalyst that pushes gold deeper into its B decline. The euro slipped today after having claimed the 1.25 handle earlier this week. It too is looking lofty and was pushed down on dollar strength. The euro still has strong technical support at 1.2 and it s poised to outperform the dollar throughout 218. Any weakness is likely ST. The Eurozone s recovery keeps getting stronger. We re ready to buy more on further weakness. Energy and resources continue to hold near the highs. As most commodities, they ve held up stronger than equities, and any weakness will likely be associated with easing inflationary pressures. Resources and energy shares collapsed, XLE and DO allowed us to pick up new positions above key support levels. FCX was very close to our re-entry level but stayed above $17. We ve nudged our re-entry level for FCX upward to below $17 to avoid losing upside potential. We were able to pick up some REMX at a good level too. Our strategy for this week is to keep your eyes open for bargains. Volatility is likely to continue for a while longer. More downside in stocks ST is likely. Don t panic. Stay the course. We ve built up great positions and should add selectively during further weakness. Good luck and good trading, Omar Ayales Chief Trading Strategist GCRU A division of the Aden Research 3

4 Special Schedule February We have two changes for this month s editions. Next week you ll receive our edition on Thursday February 15. Wednesday the 21 will remain the same. Then Thursday March 1 will be our edition date. We ll be back to normal on March 7, Wednesday. 4

5 TABLE OF CONTENTS & OPEN POSITIONS PAGE Nº Symbol Trade Update &/or Current Position CHART SECTION SUMMARY Status L=Long S= Short O= Out P= Put C= Call Initial Entry Date Position Entry Price Last Closing Price Stops Target #1 Target #2 GOLD Keep rest of position. Buy again below 127. L Jan dc below PHYS Keep rest of position. Buy again below L Jan dc below SILVER Keep your position. Sell half at profit target. L Jan dc below PSLV Keep your position. Sell half at profit target. L Jan dc below HUI Index If you don t have a full position, consider buying (selectively) during weakness GDXJ Keep your positions. L Mar dc below AEM Keep your positions. If not in yet, consider buying some below 42. L Mar dc below WPM Keep your position. Sell half at profit target. L Mar dc below KL Keep your positions. L Jan dc below U.S.Dollar DXZ17 Stay out. O TNX We recommend reducing exposure to stocks & precious metals ST as yields top out O COPPER HGZ17 Buy some near 3.8. Sell at profit target. L Sept dc below JJC Buy some near 34. Sell rest at profit target. L Sept dc below FCX 17 REMX Buy again below 17. Place stops at 2dc below Keep your positions. Buy more on further weakness below 27. O dc below 14.5 L Feb dc below Crude-CLH18 Buy some on a pull back to 59 and more at 56. O dc below DBO Buy some on a pull back to 9.9 and more at 9.5 O dc below XLE Keep your positions. L Oct dc below DO Keep your positions. L Jan dc below DIA Keep your positions. L Feb dc below IYT Keep your positions. Buy again near 175. L Feb dc below FXE If you're not in, consider buying some near 115. Buy more near 11. L Sept dc below ABREVIATIONS 5

6 CHARTS JUL B Long Stop Profit Targets Recom GOLD APRIL 217 (GCJ18) 2/6/218 CLOSE = JUN C SEPT 117 (Jan-5-17), 122 (Mar-16-17). Sold half at 1287 for an average 8% gain (Jul-3-17). Sold half at 1345 for an average 11% gain. 2dc below dc below (reached) & 145. STRONG RESISTANCE AT LEVEL KEY TRIPLE BOTTOM SUPPORT D J A S O N D J F Keep rest of position. Buy again below 127. FALLING... A SPROTT PHYSICAL GOLD TRUST (PHYS) 2/6/218 CLOSE = 1.79 JUL SEPT NEW LOW FOR THE MOVE WEAK BELOW MT MA & ZERO J J A S O N D J F 9.63 (Jan-5-17), 1.12 (Mar-16-17). Sold half at 1.54 for an Long: average gain of 7% (Jul-3-17). Sold half at 1.95 for an average 1% gain. Stops Profit Targets & Recom Keep rest of position. Buy again below Gold's lackluster performance is indicative of weakness typically associated with a 'B' decline. And even though gold hasn't declined much, 'B' decline weakness is clearly seen in gold shares and silver as both decline more. Notice gold's Spinner breaking below zero. This tells us to expect continued weakness ST. Gold has some support at its previous resistance near 135 and it has stronger support at the Jul uptrend near 125 and We recommend taking advantage of upcoming weakness and picking up more positions at the lower support levels near 125 and We sold half of our position at the right time last week. We continue to hold a partial position and are getting ready to buy more at lower levels. Remember, the 'B' decline is typically a moderate decline and the downside will likely be short lived. Look for dollar strength on its current rebound to measure weakness in gold. Keep your positions and get ready to buy! 6

7 SEPT S O N D J F (Mar-16-17), 17 (May-1-17), (May-4-17), 17 (Jun ), 16.3 (Jun-26-17), (Jul-3-17), (Jul-13-17). Long Sold half at for a small gain (Nov-3-17), (Dec-6-17), 15.8 (Dec-13-17). Long Stop 2dc below 16. Stop 2 dc below 6. Profit Target SILVER MARCH 217 (SIH18) 2/6/218 CLOSE= OCT FAILED TO SURPASS RESISTANCE = WEAKNESS Profit Target SPROTT PHYSICAL SILVER TRUST (PSLV) 2/6/218 CLOSE= JUL BEARISH APPROACHING AN EXTREME 1 BEARISH M J J A S O N D J F 6.6 (Mar-16-17), 6.4 (May-1-17), 6.2 (May-4-17), 6.55 (Jun-11-17), 6.23 (Jun-21-17), 6.15 (Jul-3-17), 6.3 (Jul-13-17). Sold half at 6.27 for a small gain (Nov-29-17), 5.98 (Dec-6-17), 5.92 (Dec-13-17). Recom Keep your position. Sell half at profit target. Recom Keep your position. Sell half at profit target TRIANGLE FORMING 8 SEPT Silver failed to surpass the 17.5 resistance and fell below the Dec uptrend, showing weakness. Spinner on the decline, approaching an extreme. Silver seems to have found some support at However, keep in mind, silver's stronger support is at 16, just above the Dec lows. On the upside, silver must rise above the 17.5 resistance on a 2dc to show signs of renewed strength. Until then, weakness will likely continue guiding silver. Keep your positions. If you're not in or have a reduced position, buy at the lower 16 level. 7

8 ADEN GOLD STOCKS ADV/LINE 2/6/218 CLOSE = 4435 BROKE BELOW 75 DAY MA = WEAKNESS FEB SEPT OCT HUI GOLD BUGS INDEX (HUI) 2/6/218 CLOSE= FEB WEAK BELOW 5WK MA SEPT DAY MA OCT 21 2 MACD (12, 26, 9) LINING... AT A LOW AREA D J F M A M J J A S O N D J F MACD (12, 26, 9) D J F M A M J J A S O N D J F Gold shares continue to decline. They remain vulnerable below their 5wk MA at 197. Notice HUI approaching a key support level where the Dec 217 lows and the Dec 217 uptrend converge near 178. Spinner is at the lower side of a band, near an extreme, telling us HUI's downside could be limited to the convergence level. The A/D Line is also showing weakness as it breaks below its 75-day MA. Spinner for the A/D Line is on the decline, approaching an extreme. This tells us the A/D line could find some support above the Dec lows near 44 (broken gray line). Gold's 'B' decline weakness is most evident in gold shares and silver. The decline has been sharp and fast, telling us HUI could test the Dec lows. We continue to hold on to our positions in AEM, GDXJ, WPM and KL. We recommend keeping those for now. If you don t have a full position, consider buying (selectively) during weakness. MAR BREAKING UPTREND

9 FEB MKT VECTORS JR. GOLD MINERS (GDXJ) 2/6/218 CLOSE= APPROACHING KEY SUPPORT SEPT F M A M J J A S O N D J F Junior Gold Miners ETF (GDXJ) - NYSEArca Long at: Stop: Profit target: 37.3 (Mar-16-17), (Apr-17-17), 31.9 (Apr-25-17), 29.7 (May-4-17), 3.99 (Jul-1-17). 2 dc below 3 42 Recom: MAY Keep your positions. BROKE UPTREND, APPROACHING LOWS The junior miners continued to slide. GDXJ is approaching a key support level near 3. Spinner breaking below uptrend showing a shift in momentum. This tells us GDXJ could decline to re-test its double bottom support at 3. On the upside, GDXJ must rise above the (adj) Feb downtrend on a 2dc above 36 to show signs of renewed strength that could push GDXJ upward, to the Feb 217 highs. Keep your positions

10 SEPT AGNICO EAGLE MINES LIMITED (AEM) 2/6/218 CLOSE= TESTING SUPPORT LEVEL S O N D J F Agnico Eagle Mines Limited (AEM) -NYSEArca AT AN EXTREME LOW Long: Stop: Profit Target: 42.5 (Mar-16-17). Sold half at 46.5 for an 8% gain (Jun-29-17), 44 (Jul-13-17), 43.6 (Nov-29-17). 2dc below 4 (adj). 53 & 6 New Recom: Keep your positions. If not yet in, consider buying some below 42. AEM's decline intensified this week, declining to a support level near Spinner at an extreme showing limited downside, validating AEM's support level. A break below 43.5 could push AEM to the Dec lows. If it does, buy with both hands! We recommend allowing some leeway and lowering your stop to the Dec low support, a much deeper and stronger support level. 1

11 Wheaton Precious Metals Corp Co (WPM) 2/6/218 CLOSE= 2.5 FEB AUG 18.5 D J F M A M J J A S O N D J F Wheaton Precious Metals (WPM) Long at: UPTREND IS KEY SUPPORT NEAR AN EXTREME 19.8 (Mar-17-17). Sold half at for a 9% gain (May-4-17), 19.5 (Jun-14-17), 19 (Jun-15-17), (Aug-23-17). Sold half at 2.6 for an average 8% gain. 2.5 (Nov-29-17), 21 (Jan-9-17) Stop: Profit Target New Recom: 2dc below & 27. Keep your position. Sell half at profit target. WPM fell to a new 1+mo low to the Aug uptrend at 2.5. Spinner showing weakness as it declines after resisting at the zero-line. This tells us WPM could break below the Aug uptrend and test the key Dec uptrend near A break below 19.5 would be bearish. If WPM holds above these levels, it'll confirm strength and could then resume its rise to the top side of the bullish upchannels near 23 and 24. Keep your positions. If you're not in, look to buy on weakness, ideally below 2. 11

12 Kirkland Lake Gold Ltd. (KL) 2/6/218 CLOSE= AUG OCT FELL TO BOTTOM OF CHANNEL ON THE LINE, NEAR EXTREME OVERSOLD A S O N D J F Kirkland Lake Gold Ltd. (KL) NYSE - Currency in USD Long at: (Jan-19-18), 15.4 (Jan-22-18). Stop: Profit target: New Recom: 2dc below & Keep your positions. KL continued to decline, breaking below the Oct uptrend and testing the Aug uptrend. Spinner is at an extreme, telling us the downside may be limited to the Aug uptrend near If KL holds at its Aug uptrend, it'll show resilience and more upside would then be likely. Keep your positions during weakness. 12

13 U.S. DOLLAR INDEX MARCH 218 (DXH18) 2/6/218 CLOSE= MAR MAR DOWNTREND IS FIRST KEY RESISTANCE ON THE RISE! D J F M A M J J A S O N D J F Recom Stay out. NOV The U.S. dollar index seems to have found some support above 88. Spinner starting to rise from an extreme, breaking above its MT MA and approaching the zero line. Spinner is telling us momentum is shifting upward and a continued rebound rise in the dollar is likely. Keep in mind, the dollar must break above the Mar downtrend above 92 to show signs of strength and above the Dec downtrend near 95 to show signs of a reversal. If the dollar fails to break above these levels, it'll probably resume its bear mkt decline. 13

14 CBOE Interest Rate 1 Year T No (^TNX) 2/6/218 CLOSE= 2.77 SEPT SEPT UPTREND IS KEY SUPPORT FEB S O N D J F CBOE Interest Rate 1 Year T No (^TNX) - Chicago The 1-year yield reached new highs for the move this past week. It's approaching another key resistance level near 3%. Notice Spinner looking toppy at an extreme while the 1YY forms a rising wedge with downside target near 2.5%. This tells we could see the 1YY take a ST breather. Keep in mind, however, the 1YY will remain bullish with upside potential by staying above the Sept uptrend near 2.5%. A break below this level, however, would be a game changer and a decline to the Dec lows would then be likely. 14

15 COPPER MARCH 218 (HGH18) 2/6/218 CLOSE= FORMING UPTREND MAY SEPT OCT 216 UPTREND M J J A S O N D J F 2.97 (Sept 2-17). Sold half at 3.2 for a 7.5% Long gain! 2.95 (Dec-6-17). Sold half at 3.26 for a 1% gain! Stop 2dc below dc below 33. Profit Target HOLDING STRONG ABOVE 15 WK 3.16 ABOVE MT MA = SIGN OF STRENGTH ipath BLOOMBERG COPPER SubTR ETN (JJC) 2/6/218 CLOSE= MAY CYCLICAL BULL MARKET HAS SUPPORT AT 34 HOLDING NEAR ZERO O N D J F M A M J J A S O N D J F 33.6 (Sept 2-17). Sold half at 37 for a 9.5% gain! 33.5 (Dec-6-17). Sold half at 37.3 for a 11% gain! New Recom Buy some below 3.8. Sell half at profit target. Buy some below 35. Sell half at profit target. Copper showing signs of strength as it confirms growing support above its 15 wk MA near If copper rises above the Dec highs on a 2dc above 3.3, it'll confirm strength and could then rise to the top side of its bullish Oct 216 upchannel near 3.5 (our profit target). Also keep in mind copper has bull mkt support at the Oct 216 uptrend near 3.5. As long as copper stays above this level, it'll be poised to rise further. A break below the key 3.5 support, however, could show the start of a trend reversal. Notice Spinner above its MT MA but still showing signs of resistance near the zero-line telling us copper is not out of the woods and in the clear just yet. Keep your triggers ready to buy near

16 Freeport-McMoran Inc. (FCX) 2/6/218 CLOSE= BROKE BELOW SIDEWAYS BAND NEAR THE HIGHS JUL JUN BEARISH FELL TO LOWS J J A S O N D J F Freeport-McMoRan Inc. (FCX) - NYSEArca New Recom: Buy again below 17. Place stops at 2dc below FCX broke below ST support at 19 and collapsed. Spinner broke below a recent low area showing it has reached an extreme. The downside is not over just yet even though FCX is rebounding strongly today. To show signs of renewed strength, FCX must break back above its previous support at 19. Keep in mind, FCX's first support level is at its 15wk MA near We recommend waiting for more weakness below 17 to buy again. 16

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18 LIGHT CRUDE OIL MARCH 218 (CLH18) 2/6/218 CLOSE= JUN TESTING RISING WEDGE WITH DOWNSIDE TARGET = 59 TESTING UPTREND... J J A S O N D J F POWERSHARES DB Oil ETF (DBO) 2/6/218 CLOSE= 1.72 BREAKING WEDGE ON DOWNSIDE JUN AUG WEAKENING BUT REMAINS HEALTHY ABOVE UPTREND M J J A S O N D J F New Recom: Buy some on a pull back to 59 and more at 56. Place stops at 2dc below 55. Profit targets at 7 & 8. New Recom: Buy some on a pull back to 9.9 and more near 9.5. Place stops at 2dc below 9.3. Profit targets at 12 & 14. Crude has held strong near the highs during the stock market sell off this past week. Moreover, crude remains bullish longer term, particularly if it holds above the Jun 216 uptrend near 57. ST, however, volatility continues to grow, and Spinner remains below its MT MA, just as crude breaks below a rising wedge with downside target near 59. This tells us crude is positioned to pull back from its bullish rise. Keep in mind, a break below the Jun uptrend would be bearish and would show renewed weakness. Keep your positions as long as crude stays above this key support level. Get ready to buy at

19 Energy Select Sector SPDR ETF (XLE) 2/6/218 CLOSE= WATERFALL LINE! AUG A S O N D J F Energy Select Sector SPDR ETF (XLE) Long at: Stop: Profit Target: (Oct-4-17), (Oct-25-17), 67.9 (Nov-29-17). Sold half at 76 for a 12% gain! 69.7 (Feb-5-18). 2dc below & 97. New Recom: Keep your positions. XLE continued to decline, reaching the Aug uptrend & support level near 69. The fall allowed us to pick up positions at great levels! Spinner fell to a abyss showing extreme weakness. It's also showing limited downside confirming XLE's support at the Aug uptrend. If XLE holds at its uptrend & support level, a rise to test the Jan highs could then be likely. Keep your positions. HOLDING AT AUG UPTREND BEARISH BUT AT AN EXTREME LOW

20 Diamond Offshore Drilling. (DO) 2/6/218 CLOSE= HOLDING ABOVE SUPPORT NEAR NOV AUG AT AN EXTREME J F M A M J J A S O N D J F 2 Diamond Offshore Drilling, Inc. (DO) NYSE - Nasdaq. Currency in USD Long at: 18 (Jan-23-18), 15.9 (Feb-6-18). Stop: 2dc below 15. Profit target: 22 & 25 New Recom: Keep your positions. DO's decline to the Nov lows marks a 5% retracement for the entire rise since Aug. Moreover, Spinner has fallen to an extreme low, telling us the downside is likely limited ST. If DO continues to hold above the Nov lows, a rise to the Jan highs near 2 would then be likely. A break above 2 would be very bullish. Keep your positions for now. 2

21 SPDR DOW JONES INDUSTRIAL (DIA) 2/6/218 CLOSE= SHARES TRANSPORTATION AVERAGE (^IYT) 2/6/218 CLOSE= BREAKING BELOW KEY SEPT UPTREND NEXT SUPPORT NEAR NOV LOWS LED THE LINE... SHOWING SUPPORT AT 15WK MA (186) NOV NOV SEPT SEPT S O N D J F S O N D J F MACD (12, 26, 9) LINING MACD (12, 26, 9) NEAR LOWS S O N D J F S O N D J F Entry Level 245 (Feb-5-18). Entry Level 177 (Nov-29-17). Sold half at 197 for an 11% gain. Sold rest of position at 199 for a 12.5% gain (11.75% gain for the entire move since Nov!). Bought again at 187 (Feb- 5-18). Stop 2dc below 232. Stop 2dc below Profit Target New Recom: 264 & 3 Profit Target 23 & 215. Keep your positions. New Recom: Keep your positions. Buy again near 175. Volatility picked up the pace after the VIX broke above a downtrend since 215 pushing stocks down, as shown on our second chart on page 3 last week. We sold the second half of our IYT position at the right time and bought new positions per our suggested re-entry level. We could see extended weakness in the days ahead which is why we recommend buying more IYT on a decline to its next support at the Sept uptrend near 175. As discussed in our previous issue, fundamentals for a strong bull market remain in play. Current weakness is allowing for a great opportunity to build up your positions. Buy at support levels. 21

22 CurrencyShares Euro ETF (FXE) 2/6/218 CLOSE= HOLDING NEAR HIGHS AUG NOV APR TIME FOR A BREATHER? J F M A M J J A S O N D J F CurrencyShares Euro ETF (FXE) NYSEArca - Nasdaq Currency in USD Long at: Stop: Profit Target: (Sept 2-17) 2dc below & New Recom: If you're not in, consider buying near 115. Buy more near 11. The euro is starting to pull back after reaching a new high for the move on a close at 1.25 (FXE: 12.5). But Spinner has been telling us the upside is limited with ST weakness looming putting downside pressure on the euro. The pull back is happening as the dollar rebounds from an extreme low. Keep in mind, the euro will remain very strong above the Apr uptrend near 1.2 (FXE: 116), and it has solid support at the Jan 217 uptrend near 1.16 (FXE: 11). A break below the Jan uptrend & support would be bearish. However, keep your positions as long as the euro stays above these levels. We recommend picking up some more positions at the key support levels during weakness. 22

23 Quoting GCRU is permitted provided GCRU name, website address & subscription price are given. All charts in GCRU are daily prices. 1dc before our recommendation is activated) 2dc 2-day close (consecutive) Subscribers can obtain free online chart updates for all gold bot bought shares in GCRU via: To view CAD$ Canadian dollar Canadian stks please use CA as prefix (i.e., to view Agnico H&S head & shoulder Eagle (Toronto) you must use CA: AEM). LOC line on close LT long term Note: U should NOT feel our recommended prices are set MT medium term in concrete. If mkts suddenly feel hot or cold to U, or NL neckline dramatic news occurs, U can buy or sell, or stop at slightly PF portfolio higher or slightly lower prices. It also hinges on your PO price objective experience level. Some people can use our prices as guides Recom recommended & know when they can take bigger risks. RH&S reverse head & shoulder RS relative strength Spinner: Spinner is an in-house momentum indicator (not ST short term always shown on charts). Momentum indicators use the Sym/tri symmetrical triangle rate of change in price to determine predominant energy Tgt target flows. Spinner trading signals are generated when the faster Unch unchanged timing line crosses above or below the slower confirming Vol volume line. Upside crosses in the lower range of positive territory Wk week offer the most reliable signals for longs; downside crosses in the top range of negative territory for shorts. Avoid trading against the timing line, i.e., buying/selling if the Ystdy C yesterday close timing line is in corrective mode (against direction of trade) unless the confirming line is positioning for a new 'confirming cycle'. It's important to always be aware of location, direction & cycling phase of the confirming line. Spinner signals are more effective in trending mkts than in trading ranges where indicators such as Stochastic & Williams %R should be used. NOTE: payments for GCRU services should be made payable to MAP CUSTOMER SERVICE. Gold (& mkts) Charts R Us is published weekly. You may sign up for 3-mos at $3, 6-mos at $585, 9-mos at $855 or 12-mos $1,11. gcru@goldchartsrus.net - DISCLAIMER - ABBREVIATIONS 1-day close (the share price must close above or below the indicated price level, Due to the electronic nature of s, there is a risk that the information contained in this message has been modified. Consequently Gold (& mkts) Charts R Us can accept no responsibility or liability as to the completeness or accuracy of the information. Whilst efforts are made to safeguard messages and attachments, Gold (& mkts) Charts R Us cannot guarantee that messages or attachments are virus free, do not contain malicious code or are compatible with your electronic systems and does not accept liability in respect of viruses, malicious code or any related problems that you may experience. Information in Gold (& mkts) Charts R Us is for general information only & is not intended to be relied upon by individual readers in making specific investment decisions. Appropriate independent advice should be obtained before making any such decisions. Gold (& mkts) Charts R Us do not guarantee or assure that readers will make money, or accept liability for any loss suffered by readers as a result of any such decision. Futures and share trading involves risk and is not for all investors. Past performance is NOT indicative of future results. Trading involves risk and should be pursued with risk capital only! 23