Loading ...… of recent bounce in the PM sector …
From the bottom in December, the HUI/BTC Ratio traced out a four month – five wave affair … and so far, has put in a two-week correction … matching the weakness in the PM sector up until this week.
If history is a good guide, technically the PM sector still needs to consolidate for approximately another month or so … potentially matching the presence of a head and shoulders pattern in the trade.
Anything can happen … however odds are odds.
Be careful folks