RE: Are precious metals about to continue their rise to new highs?

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Are precious metals about to continue their rise to new highs?

in trading •  7 years ago 

posted my thoughts on Friday and today. I went long the HUI today but at this point I think this will only be a counter trend rally, therefore remember jack be nimble jack be quick. Any renewal of a "bull" market IMHO can only start above the high posted on September 7th. I will keep a careful eye on the fast stochastic, if it races up while the slow stochastic barely moves, then in my mind it will confirm that the gold mining stocks are merely resetting for further downside. Either which way there is something to trade. Good luck and happy hunting.

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Agreed about the September 7th high, fortunately there's a chance to make good money even if prices are ultimately turned back down again. Let's see!