Loading ...Gold and Miner Cycle Update
While we are still in the early stages of a new bullish looking 5-6 month Intermediate Cycle for Gold and the Miners, we appear to be starting a move into either a half cycle or Trading Cycle low for the PM complex. TC Lows, Half Cycle Lows and even the most recent Intermediate Cycle low have all been fairly mild affairs since the January bottom. The 20sma has done a nice job in providing support at Half Cycle and TC Lows and this is the only MA I show on my charts for this update.
First two charts are for GDX, my proxy for the miners.
Last two charts show my Cycle forks for Gold and Silver.
