We’re About To Find Out

It’s been a wild ride for gold, silver, and the miners.

This week, gold (GLD) posted a weekly reversal bar as did senior and junior miners, GDX, GDXJ.

Silver miners SILJ, posted an up-thrust reversal after meeting the target identified in this update.

For over a year, this site, if not outright negative on silver (SLV), has at least been ‘non-bullish’ as the metal can’t seem to get out of its own way.

So far, nothing has changed on that front (not advice, not a recommendation).

Junior Miners GDXJ, Daily

With gold posting what looks to be a typical commodity blow-off top, it leaves the miners in a potentially vulnerable position (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

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