Patience is Key
Many are frustrated with the lack of action in the metals sector. It’s not that the price is plummeting, but the movements just aren’t great enough to make the traders any real money. But if you are in this game for the long haul you have to realize that these consolidation periods are necessary for any big gains to be made.
One thing I thought was interesting in these charts is that all of these assets poked through, but didn’t break out above, their respective trading ranges this week. Maybe next week.
Patience and sitting, is generally not something that most can do easily. There seems to be a need to get the rewards yesterday, without going through any pain.
No pain, no gain … in the markets.
Spot on ND and Spock. Patience my precious 🙂
Thanks Neil. It may take a few more days or weeks, but as you say, patience is important here.
Nice clean simple Chartology…well done Neil
That chart could go either way…but agree right now looks down