Gold miners struggling to form a base. On the weekly $1.28 low 22/02/21 and 1.265 27/09/21.
$1.27/28 might be resistance for now unless they can rally from here.
All gold miners copping the same treatment.
Worse case scenario $1.03 (March 2020 lows) may come into play depending on what the market makers game plan is and/or any unforeseen market rout.
SLR topped out $2.75 27/07/20 POG USD$1817, SLR bottomed out 22/02/21 POG USD$1811, then topped out at 24/05/21 POG USD$1880, SLR then bottomed out 27/09/21 POG USD$1740
My guesstimate is POG next stop USD$1780, then possibly to USD$1720/30. This action has similar feel to it. Sell/short gold miners, then hammer the gold price down, then buy back into miners.
SLR Price at posting:
$1.25 Sentiment: Hold Disclosure: Not Held