Loading ...Gold and Miner Cycle Turns
All my Cycle Work pointed to a Cycle top in the USD and a Cycle Low in Gold and the Miners, but even I was very surprised be how powerful the move today was in the Mining stocks.
Today is a great example on how in Bull Markets, the surprises are to the upside!
To participate in the Bull, you need to get a “Seat on the Bus” and hold on. 😉
The cycle trend line break in GDX and GDXJ over the past two days was very subtle but then the Miners often lead at Trading/Daily Cycle Turns.
https://goldtadise.com/?p=372272
Signs of a 6 Month Intermediate Cycle low as well from last weekend:
https://goldtadise.com/?p=371580
If you look at my analysis, you will see this could be the start of a parabolic move . . the next week or two will confirm or invalidate it. But, the set up was certainly there last weekend for this to occur in this type of manner . . . and it can very well continue into the end of June or early July.
Thanks Avi. I am loaded to the Gills here in Mining stocks and enjoying the ride. I did take some profits on some of my liquid Trading Shares today as I had trouble sleeping last night as I have never been this heavily weighted in one sector before ever. My Financial Advisor, if I had one, would probably have had a heart attack. 😉