Loading ...This Correction in the PMs
As Rambus says, “Nothing is certain in the markets”. Keeping that truism in mind here are the most recent thoughts of my friend, a 50-year professional technical analyst. (He worked for Citigroup and Smith-Barney as chief commodity technician.)
https://goldtadise.com/wp-content/uploads/2019/11/Technical-Daily-Gold-Silver-11-07-19.pdf
Good charts thanks Boo
“This Correction in the PMs”
I don’t think its a correction.
Still not certain … it could be a 4th wave, leading to OMH.
But it EASILY could be something very different.
To those with wide fields of vision, you know WHY PMs are dropping.
My (green) screen says … has been saying … buy TBT, SRS, DGLD, SDP, DUST, etc.
What do they have in common? ______________
And why are yields rising? Bit of hope, bit of carrot …bit of tweeting.
OMT …. yeah, the next ‘Phase 1’ tweet will send yields flying even higher.
That’s how things are lining up to me. YMMV. GLTA.
Uh pedro, these are DAILY charts dealing with the short-term – not weekly or monthly charts covering the VERY BIG picture. Perhaps you could post some of those and show why they look so bearish to you. (My take is sideways to higher on the monthly chart of Gold.)
Also, could you translate the OMH, YMMV and GLTA?
pedro speaks in tongues sometimes
🙂