very difficult market, NEM seems bottoming, several juniors too, but metals look bad. Gold/silver ratio there is a MACD cross however, one final spike higher?
Even North Korea test firing the ICBM will not budge gold. WTF? It is quite obvious that the big players in all of this are pushing markets to the very, very extreme limits, therefore gold might as well go down for one more count.
or they are waiting to break down further..i wouldn’t call this bullish action would you?
NO !
But over the many years Many of us have followed this sector the Miners almost ALWAYS lead.
If they are not breaking down here they may be sniffing a Cycle Bottom in Gold
I am NOT bullish at all here however….just pointing out the miners this morning seem carefree.
very difficult market, NEM seems bottoming, several juniors too, but metals look bad. Gold/silver ratio there is a MACD cross however, one final spike higher?
Are you smelling a bottom ?
LOL
Even North Korea test firing the ICBM will not budge gold. WTF? It is quite obvious that the big players in all of this are pushing markets to the very, very extreme limits, therefore gold might as well go down for one more count.