Surfs Up
Does anyone remember my post last week on Silver’s double top? Here is another look at that post from last Thursday along with today’s Surf’s Up
https://surfcity.co/2019/02/21/silver-update/
https://surfcity.co/2019/02/27/surfs-up-158/
Does anyone remember my post last week on Silver’s double top? Here is another look at that post from last Thursday along with today’s Surf’s Up
https://surfcity.co/2019/02/21/silver-update/
https://surfcity.co/2019/02/27/surfs-up-158/
Note that I have been short with both DUST & ZSL as of last weeks post but was waiting for Gold to close below its 10ma before taking positions in my portfolio, which will likely happen today. Still bullish on Gold & PM’s longer term but investor sentiment is currently too bullish and 5-6 month Intermediate Cycle Low (ICL) is needed to fuel the next leg up.
This is exactly what I said before, we need new energy for next up cycle. My target 20.50 to 21.50 in Gdx.
plus s&p dji hitting major points, silver anemic under 200 line to boot. Just a back test in the big picture
Silver has been the “Weak Sister” for the entire rally. It bottomed two months after Gold did and could only make a double top while Gold and the Miners made new highs. I am expecting Silver to correct at least $2 during this next ICL.
Thanks very much, Surf.
Good stuff Surf.
Hopefully we start to see upside surprises.
But for now DEFENCE !
I’m very close on the whole PM inverse group, but not quite there.
For one possible clue why, see TBT.
Every time I run scans, treasuries REITs and PMs seem to run in a pack.
They all show up at the same time.
Utes used to be on the same page, but haven’t been lately.