Enjoy The Ride (Probably Until Labor Day)
I was telling a friend yesterday we are in an up phase for gold and silver, probably until at least Labor Day. This morning I just read this latest piece from Tom McClellan. His bottom line “…Now gold is in the ascending phase of the new cycle, which is when the best gains for gold prices are usually seen. Sometime this autumn, we will need to start worrying about the next mid-cycle low appearing, and thus to get a left-hand top before that mid-cycle low. And much later on, we will get to make a determination about whether this new cycle will see right or left translation. For now, the mission is to ride the new uptrend.” https://www.mcoscillator.com/learning_center/weekly_chart/golds_13-1_2_month_cycle_in_up_phase/
It’s going to be a bumpy ride.
Nothing goes in a straight line. The selloffs are opportunities.
I Identify with a strait line
Ha! This morning’s humor. Thanks for the smile.
Necessary for good charts.