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Replies to post #31466 on iShares Silver Trust (SLV)
Pro-Life
11/03/16 6:35 PM
#31467 RE: ProfitSnatcher #31466
The bottom line is gold stocks are just entering their seasonally-strongest period of the year. Their big winter rally is fueled by gold’s own, which is driven first by outsized demand from holiday jewelry buying and later new-year investment buying. So both the metal and its miners’ stocks have strong tendencies to rally between late October and late February in bull-market years. It’s the best calendar span to own gold stocks. And this year’s coming winter rally looks exceptionally bullish because the seasonal tailwinds won’t be overpowered by bearish sentiment, technicals, or fundamentals. All of these primary drivers are bullish today and closely aligned with the strong seasonals, making for a powerful united force to propel gold stocks dramatically higher. Speculators and investors alike should be fully deployed for the coming months.
11/03/16 6:46 PM
#31468 RE: ProfitSnatcher #31466
Technical analyst Clive Maund outlines why he believes the correction in gold and precious metals stocks is coming to an end.