Steve Penny Reviews The Technical Outlook On Gold, Silver, and Uranium
Steve Penny, Publisher of the SilverChartist Report, joins us to share a number of key charts on Gold, Silver, GDX, Uranium, URNM, and the Uranium:Gold ratio. (all charts are posted below so you can follow along). We intermix some macro market insights and recent news related to the precious metals, uranium, and the commodity sector. Steve stresses the point of knowing yourself and having a personal investing strategy, along with ways to manage risks using technical analysis to pick entries, accumulating in tranches on dips, and not chasing overbought rallies. We wrap up with some general comments on the wild moves higher we’ve seen in the commodity sector this week and that despite this big move higher recently, longer-term there is still plenty of room for commodities to continue gaining ground on other asset classes.
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