Loading ...Short Term Outlook
Looking for a daily cycle low to come in around $1360 for gold sometime in July, giving GDX a chance to fill the gap between 24 and 24.5. After that, the next move up should be pretty awesome because silver should join gold by breaking out of its multi year downtrend.
Just my two cents.
I like your 2 cents Mr. Davis. Another gentlemen’s entry perhaps?
Thanks. I think if we get this pullback I’ll buy some silver miner shares.
Agree…looks like a must .
$1350-$1360 is what I’m expecting as well. In a bull market, surprises tend to be to the upside though.
True. There is a chance it just continues to move up and I’m left in the dust.
I see what you did there Neil
🙂
It seems that so many people are looking at $1350-1365 as the back-test level.
To me, that implies that something else might happen. Mr. Market is not always that co-operative.
A move under $1350-1365 might cause a bit of a panic.
Today right now, it’s come down quite hard to $1387. I just re-loaded the page and it’s … up a little … $1389.
Why would it honestly stop at $1360 like everyone wants it to? Something smells like it’s either gonna dive to test $1309 or it’s just gonna go to $1380 and head straight up again and leave them all behind.
Meanwhile, Bob’s friend Bitty is at nearly 12,000 again as gold languishes and Bob is stuck in the mud at $15.00 to the penny..