Streamers and major gold led down, now appear to have bottomed?
RGLD, FNV, SAND, WPM and GDX look decent & are firming up here. Silver and silver miners weak. Might be good to ride up the streamers/gold miners here instead of silver/silver miners? Thoughts?
Agree…Golds are outperforming Silvers at the moment…but both still look iffy IMHO
yes, would only nibble here, wash out very possible on all
Especially since gaps didn’t get filled
I noted before, that the BMR rally call from a month ago was valid. Even when it topped I noted that there was the potential for it to reignite as the C leg up of this BMR. To soon to say, but possible. The LT bearish calls remain, so anything we get should be treated as counter trend.