Loading ...Correction ?
Correction ? You guys are all looking for a correction ?
THIS IS the Correction…The Mistake that it is correcting is the Annihilation of the PM Miner Sector
and the 20 YEAR bear Market in XAU vs Gold..That move got out of control and needed a HUGE correction
To have a correction you need first to have a mistake…No ?
I don’t think this PM move from January is a mistake !
Sheesh
LOL… that must be your French-Italian roots, that was a bit outspoken. 😉
Best,
Nemo
Patience Grasshopper – a short-term top is building out and will lead to a 15-20% drawdown – NO BIG DEAL REALLY as after that will be the real upside fireworks!!!
http://stockcharts.com/h-sc/ui?s=%24GDM&p=1&yr=0&mn=0&dy=25&id=p75592906646&a=337546862
I think we will top Friday or Monday and then I am targeting 690-730 by 1st or 2nd week of August, FWIW
I am Targeting 690-730 Gold Patty
Spread the word
🙂
The question PP is 20% down from which point on the bull trajectory. If you get it or even a 35%’r, you MUST pick both the peak and the trough, otherwise your more likely to get maybe 10-15% of the move IF you’re correct, and on the other hand it could be a long ways higher before you get the ‘peak’. I believe PM’s are in a Central Bank news driven mode (ever since JPY NIRP) and technicals can easily get whipsawed by it.
I’m staying long.