Balancing The Contrarian Trade For PMs With The General Downtrend

May 21, 2019

David Erfle joins me today to share his comments on the argument for a contrarian trade in the metals. This needs to be balanced out with the bearish set up on the charts and the time of year we are in. With stock prices generally lower it is not the first time we are hearing now is a time to build some positions so when the turn happens you are positioned.

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1 Comment
    May 21, 2019 21:00 PM

    GDX priced in GLD closed above its 200 day MA for the first time is about a month:

    Today’s low for gold happened at the 233 week and 55 month EMAs.