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I recently warned that the correction was looming in the Precious Metals markets. During 08th of March, I observed that the overall sector has become quite extended on the upside from a short term perspective. I wrote that: The three month rolling performance, seen in the chart above, shows Gold Miners have so far gifted brave … Continue reading
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Gold, and various gold stock groups GDX, GDXJ and GLDX have broken out to the upside….
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According to recent BCA Research, it is difficult to see precious metals accelerating on the downside in the medium term, despite Fed’s announcement of tapering……
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Tiho Brkan shares his thoughts on Gold, Silver and the miners….
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The precious metals complex had a great rebound at the end of the summer but is now in the midst of a correction. Recently we wrote that the correction was nearing an end. We believe that to be the case. A short-term bottom could occur sometime this week. However, the precious metals sector was unable … Continue reading
