GLD, daily
SLV, daily
Summary
Suffice to say, the 2013 lows look set to be broken..whether late this year.. or next.
If this outlook is correct, it has dire implications for the mining stocks, even if the broader equity market continues to rise.
Wednesday, 10 September 2014
Just another down day for the metals
The broader down trend from spring 2011 continues to assert itself. Gold and Silver both saw net daily declines of -0.5%. Near term outlook remains bearish, the 2013 lows are within range, and look set to broken.
GLD, daily
SLV, daily
Summary
Suffice to say, the 2013 lows look set to be broken..whether late this year.. or next.
If this outlook is correct, it has dire implications for the mining stocks, even if the broader equity market continues to rise.
GLD, daily
SLV, daily
Summary
Suffice to say, the 2013 lows look set to be broken..whether late this year.. or next.
If this outlook is correct, it has dire implications for the mining stocks, even if the broader equity market continues to rise.
