zondag 11 juni 2017

Gold Update

# After the Primary low is in (remember it is not confirmed) I’m looking for precious metals to start moving up. We often get a pullback 2 to 3 weeks after starting a new Primary cycle.
# Beyond technical’s, countries like China are reducing the rate at which they purchase US treasuries. By June / July watch Gold increase.
# I am looking at precious metals being the potential trade of the year, but there will be pullbacks...


# The next chart is a longer term monthly chart showing the 7.4 year cycle in Gold. They are the red vertical lines. Note that the 7.4 year cycle put in a low in late 2015. We are now in a pull back but we are very early in the 7.4 year cycle which should be bullish in the long term...

Geen opmerkingen:

Een reactie plaatsen