Poor old gold has had a rotten week so far. Even today’s attempt to undo some of the damage is getting partly reversed as I am typing this. I would point out that miners might – I say again, might – have eased down to a level that represents a reasonable risk/reward ratio. I, for one, am avoiding precious metals altogether right now, as the beautiful bullish breakout intact as of Friday’s close has been smashed to smithereens.
