Commodity Trade Mantra

Posts Tagged ‘Precious Metals Stocks’

Bull Market Incubating in the Precious Metals Sector

Should we see the usual seasonal dip in the precious metals sector during this month and possibly into July, it won’t alter the Big Picture set out here, and it should be seized upon as a buying opportunity, although what we are seeing in the US dollar now suggests that the seasonal dip in gold and silver may just not happen this year.

Buying Gold will be the Correct Move in this Price Correction

Gold has arrived at an important target on its 10-year arithmetic chart – a trendline target, which is a good point for it to react back, which is made more likely by the latest extreme COT & sentiment readings. Such readings usually, but not always occur at a top or ahead of a reaction or period of consolidation. Should it succeed in breaking above this trendline, the $1.550 level may soon be seen.

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