Precious Metals

IMG Auteur
Published : November 05th, 2017
180 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

Our September 14th Pivot noted that the decline in the DX seemed to be basing. In which case, as the dollar recovered, the sector would sell off.

Our conclusion was that the Precious Metals sector could be much cheaper by late in the year.

This year's high for the GDX was 25.58 at the first of September. This week's decline to 22.25 has taken out the 20-Week ema at 23.22.

To look to the brighter side, the decline could diminish the old mojo that the Fed is evil and will drive the dollar down. This of course will drive gold, for those who know someone at the CIA, to "Ten Thousand Dollars!".

Highly unlikely.

Further on the brighter side, the completion of this financial bubble will set up a real cyclical bull market for gold and gold stocks.

By "real" we mean that gold's real price and gold mining profitability will increase, which is one of the features of a post-bubble contraction.

This could get underway early in 2018.

In the meantime, we will be watching for the buying "window".

 

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS