It looks like it might because stocks are on their way down big time.I may not get my wish for a 3000 point decline for the DJIA but since I am short the QQQ’s and they are leading the way down I am happy.
Silver is either going to test $30 or lower. If history is prologue gold, silver and the miners will test their 50 DMAs We’re in a correction, it could last a while.
It looks like it might because stocks are on their way down big time.I may not get my wish for a 3000 point decline for the DJIA but since I am short the QQQ’s and they are leading the way down I am happy.
Over the past 25 years (average), the price of Gold has gone sideways. Silver follows.
July brings a renewed rise.
Silver is either going to test $30 or lower. If history is prologue gold, silver and the miners will test their 50 DMAs We’re in a correction, it could last a while.
Today’s Silver trading results:
Silver futures down 3.1%
SLV down 2.34%
SIL down 0.79%
SILJ down 0.72%
Miners seeing a bottom here?