Loading ...hi bill,
john whitefoot is to be congratulated for pointing out the GDX and SIL
both formed death crosses in november. he left out the facts that
GLD and the HUI also formed death crosses last month.
when all four indexes form death crosses i’m simply not jumping
into the market.
the GDX and HUI are in 8 month bear markets. gold is in a
10 month bear market, and silver a six month bear market.
technically there is nothing but air under all four of them.
this Trump Honeymoon is going to continue until people
wake up to the fact he IS an insider, he IS the establishment,
and all his appointees are, in fact, swamp monsters.
the commercials are still a massive 75,000 net
short silver contracts, and an equally massive 168,000
gold contracts.
yes, we have to continue to be patient. the fundamentals
get better for us every day, and reality will eventually
reappear.
best,
roger in wilmington
Fade this!!
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