Loading ...Time for the Metals to step up.
SA article from Avi, link below.
‘As long as the metals do not break below their July lows, we are again set up to see a massive break out’.
This failed last time the set up was similar, but we are now almost in August and hopefully we will see the seasonal move in the miners 🙂
I wouldn’t count on the seasonal move…Miners peaked in end Jul/Aug 2016 before the long slippery slope down didn’t they?
Spock had posted how a top senior miner had outperformed the US stock market…I am also seeing bullish setups across my favorite miners…I am counting on the miners to start leading outperformance over gold from next week onwards…Keeping fingers crossed
Not counting on it Marauder, but it does occur and that added to the other signs makes me feel positive.
I’m with you Odd Job. NEM and ABX both look promising. But they appear to be outliers to me, for now. Will reassess as we step into Aug. My non EW studies still suggest an ongoing triangle.
Excellent thanks PD. Yes I think the larger miners will lead this time and once the confidence returns the juniors will follow.
‘As long as the metals do not break below their July lows !”
Well that’s stating the obvious…the July Lows (180 HUI) are at the bottom of a triple bottom
So as long as we don’t go lower than the low we are set to go up…unless we don’t go higher than the highs.
$250 please