Loading ...Gold Silver and Miner Cycles
Silver has confirmed a new 5-6 month Intermediate Cycle and Gold is very close (closed at my IC downtrend line yesterday). The Miners (GDX) have made a very bullish move here but we have lots of gaps across the charts. They are only 4+ months from their last IC Low but are likely in a new Intermediate Cycle as well.
The USD also appears that it may have found a shorter term Trading Cycle Low this morning.
If so, perhaps some gaps will get filled and we may get another buying opportunity in a few days before the next FMOC meeting next week.
Thanks for the charts, Surf.