FR.TO printed its intermediate cycle low in September of 2019, 5 weeks prior to GDX, XAU et al. This places it in week 24 of its previous IC, and from my perspective, a strong candidate to lead the coming IC in the miners. Taking into consideration this false break down and recovery of its long term trend line, I think the IC has been printed on AG\/FR.\u00a0 I believe the miner indexes and ETFs will print another left translated DC before printing their ICL\/YCL’s, in the form of a 4 or 5 week double bottom, with marginally lower lows from last week.<\/p>\n
Purely speculative, as FR hasn’t confirmed a new DC, let alone a new IC.<\/p>\n
FR.TO printed its intermediate cycle low in September of 2019, 5 weeks prior to GDX, XAU et al. This places it in week 24 of its previous IC, and from my perspective, a strong candidate to lead the coming IC … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2020\/03\/ag-1.png\")
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