Loading ...Hold Tight
It looks like a plunge to $1200 gold is certainly a possibility. That would take us back to test the breakout at the apex – see my chart on the right sidebar. I strongly believe we’re going to see a great year for gold and silver in 2018, but we may have to endure more short term pain as PMs and PM stocks drop hard into year end.
It may only goes as low as needed to shake out the leveraged. Looking at a few of the PM’s today and they held there own PAAS.TO NEM.TO
KL.TO. Tomorrow is going to be interesting. There looks to be buyers for the PM’s? I think the leveraged have all been chased away. Didn’t even watch today checked in at the close. The second tier PM’s took a hit tho. Quality over quantity may be the key.