HOC possible 123 Low???

My chart had the breakout from 274.40

It is not often you see a chart like this one and the timing was perfect also, very nice indeed.

The combination of NFP's being revised down, which could defer QE3 tapering, and Syria should be good for precious metals. I find it a little odd though that HOC was falling whilst the Fed BS was expanding and rising when tapering was suggested. I guess it must have been internal fundamentals.

My last comment was rather silly. HOC is following Gold of course duh.

Stopped out there. Gold and silver look like they will crash and burn. Pity, chart looked very good for a while.

This is still hanging around the resistance area so still looks good for a possible breakout soon.
Id only be concerned if this went below 265 then it could most likely head towards the trend line again.
Nice cup and handle formation on this still. So worth keeping in your watchlist


dl.dropboxusercontent.com/u/4899609/hocm13thsept.png

Yes, I will monitor but it will not hold in the face of gold/silver decline. FOMC next week should set a tone.

Big sell off here -9%. I have next support at 215