It has pretty much gone sideways since the short term cycle top week before last.
The downside is still the risk heading into August.
I have a pretty compelling turn date for 24/5th August.
I hope that both Au and Ag do sell-off here as that would raise dramatically the chances of the 24/5th being a cycle low and set-up both for a nega run into late Nov-Dec.
Notice too the lack of performance of the PM shares. That supports the case for a sell-off. When the run is really on the shares will be going ahead in leaps and bounds.
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- set to break $40 tonight mate!
It has pretty much gone sideways since the short term cycle top...
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