A full Technical Review of Gold and Gold and Silver Stocks
Jordan Roy-Byrne, Editor Of The Daily Gold joins me to discuss the gold charts as well as the underlying stocks. We look at the charts and share our thoughts on where they could move and what can help drive these moves.
Click here to visit Jordan’s site for more metals commentary.
What I like about Jordan Roy-Byrne is his honesty. He’s not afraid to be a party pooper.
Silver looks like it is forming a bullish falling wedge and has not made a new low since Monday. Gold, on the other hand, made new lows on both Tuesday and Wednesday and looks like it is heading for Rick Ackerman’s target on Thursday.
The odds are high that the sector sees at least a short term low tomorrow.
http://schrts.co/eIImEXgg
GDX is approaching my Short term target on downside….that is 21.06 to21.24…measured AB=CD down on daily and .382 retarceament from 9/ii/18 low
The kitco list is no fun today thats for sure.
Looks to me we are moving into doldrums, PMs might stop falling then.
If there is any interest after that, maybe there will be coin to be made.