The so-called precious metals sector has been in a bear market for seven solid years (WHY can’t we say the same thing about equities? Can you imagine how glorious that would be, with CNBC out of business and the Dow at 3000?!?!?!) Anyway, it’s just one technical failure after another, which I’ve been pointing out the whole way.
Miners, of course, are even worse……..
DUST, the triple-bearish-on-miners, has been exploding higher (and I’ve also been pointing out that chart here).
It’s going to bounce from time to time at some point, obviously, but the big picture for this entire sector is that it’s a wreck. The “safe” havens of gold and cryptocurrencies will just keep getting drawn toward lower realms of the y-axis.
