Loading ...Precious Metals Update
So far so good. Working our way down as mentioned, and as I mentioned Gold is lagging to close below that trend line and is now that the only one to yet do it.
Tradeable rally coming in the next couple days, I don’t see it having much time left to set a bottom.
Today trying trade the miners…well just having lots of fun watching paint dry…Sheesh
Agreed, fairly boring the last few days. The only thing I see to try and time the bottom is that it looks like Silver and GDX are on day 5 of their 7 day cycles. Gold is hard to read right now on the short time frames. So Friday could be the low. I may be a buyer at EOD Friday.
Thanks, Gus – watching and waiting.