There are still lower gaps that need filling
On the recent surge in some PM miners this Summer, many gaps in their chart are still unfilled as the share prices drop.
What are the chances we will revisit those levels on this cycle?
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Look further down on gold & silver
Thanks Columbia, I was looking at the same. GAPS to be filled by GDX, GLD and GOLD during the post-7/17 run-up. Two weeks ago I set my gap-fill targets.
Gold, sub $4,200, $4,163 and $4,100 (2nd target filled on Monday)
GDX $84.48, $78.88 and $76.12 (first target didn’t fill but came close at 84.48 – showed resiliency in the majors IMO)
GLD had one primary gap at $377 (filled right on target Monday $376.88)
Played my remaining buy-the-dip PM cards on Tuesday.
Bottom line, I think the near term (through Q4) low is in. We’ll know soon enough.
Gent’s take look way down there at 3450 & $40 silver