Precious metals and miners are bouncing from their sustained weakness, but I think it won’t last. Below I’ve tinted in yellow the most I think these items will go higher, and I’m not even so sure it’ll get that far.
Precious
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Gold-bage
If there’s one chart that succinctly shows how rotten gold has been versus Bitcoin, it’s this one:
Metals Meter
Gauging the right time to enter a trade is always a key concern.
With the metals markets, I portend the right time is now [or very near].
As one way to illustrate Timing, here are two snapshots from Friday’s Think or Swim chart of /GC. The first chart is a 1-hour timeframe, the second is a 5-minute timeframe.
Precious Pyrotechnics
The world of precious metals continues to be quite grim. Indeed, gold and its brethren have suffered tick-for-tick with the bond market.
The chart is crystal-clear: a right triangle pattern that has been quite plainly broken, and is at risk of much, much lower prices.
