The monthly chart says “well of course it is time for a pullback” because we’ve plotted point C for a year now and it is clear long-term resistance. Yet still, I was not sure about what kind of resistance it would present (mini or maxi). Gold’s hard smash (it’s already down to the EMA 20, ref. the earlier update) and the gold/silver ratio rising and … Continue reading NFTRH+; HUI
The sight of gold getting whacked while good news envelopes the land is something those of us who participated in the last bull market (2001-2011) remember well. Frankly I am relieved by it because now the correction in the miners makes sense and as we noted in NFTRH 615… Gold has made a bullish Cup and is very overbought on all time frames. It has … Continue reading NFTRH; A Familiar and Welcome Sight in Gold
