Hello everyoneI reckon MEI short term weakness is due to this...

Hello everyone

I reckon MEI short term weakness is due to this chart............

When your macro chart shows weakness, so does the coys involved with it, no matter how bullish they are, check out the producers chart EVN, NST, SAR etc.

However, looking at the POG chart, you will see that the bottom looks set in and the indicators suggest a a movement back to 1836 at the very least, so this could give MEI a boost starting monday.


Considering the fall of other goldies, MEI is just having a soft landing, worst case scenario would be a drop inside the S & R zone, 5.6c being worst case, currently smack on support @ 6.6, indicators are not that far away from a reversal and it could start as soon as Monday given the recovery of POG off its recent lows.


IMO of course.

GLTAH