Interesting chart and commentary.
I would never believe 1000 gold but 1100 is in view.
If theres a similar pattern to last year is the thought for the week now among analysts, so they think the metals will bottom here and miners will drop down for a few more weeks....sounds so easy a caveman can do it.
I don't mind starting to buy the metals here. I would have been happy enough to get gold at 1160 and silver at 16 again.
Its the miners that worry me. They make 500% moves up and down. the metals are moving 20% 30% .... I believe a lot of miners have more downwave to go. and then the next rally is uncertain every step of the way.
The most meaningful thing for me these days is to witness the orchestrated slam down in metals and miners, especially the metals, in early October smash, then the Trump election smash, and then last weeks smash.
all orchestrated. it finalized for me what Jim Sinclair just proclaimed. that there are no longer any real markets.
