PM Miners Markets
I am sure you all know this sector is one of the most difficult and frustrating markets to trade.
More twists and turns and surprises than any sector I’ve seen.
Today may be just a backtest of the breakouts…But there are still many concerning charts.
We are still in the Woods …searching for the way back home.
Many here will say its all because of manipulation. I used to think so too.
Now I think its all because …this is a very emotional market . Participants are prone to irrational exhuberence.
And are easy prey for the algos.
Anyhow…one day our ship will sail…maybe tomorrow
Back to the charts.
dollar looks oversold and a dead cat bounce to 94.5 line to b/t bottom rail methinks while the euro takes a breather.