right now i am just and only looking at the monthly timeframe of POG chart. we spiked around two times to these levels we are in right now - but could not hold the spike. So, two times we closed the "try-to-break-out" months not at the spike zone.
The August candle has no two weeks ahead. If he can close at these levels or above 1300 usd, the september and october could be very brigth and golden for us. But right now nothing is confirmed. It looks very good and we are in the "gold-months" now - maybe our patience, especially to the holders since last year, will be rewarded earlier than expected (by me).
Second, historical view:
For normal the correlation is POG uprising - goldstocks uprising too. This correlation we miss since mid March (round about). The question is, why? One possibility is to declare the restructuring of ETF`s this year as the reason.
But, the year of 2009 was very similar to 2017. In summer 2009 POG started (volatile) to gain little by little, but gold/silver-stocks were sold before and didn`t move like expected. They behaved like now in 2017. Interesting is the timeframe of 2009 with stocks not moving really - very very similar to now.
But than, with August starting , POG got stronger and after - stocks moved with POG till 2011.
Even if history don`t reapeat itself - let`s hope it fits to each other
good luck to your investments
regards
Auge
BDR Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
