Gold Price Making New Highs Pushing Off Trend Line
The gold price failed to break the trend line and actually pushed off it. I suspected that if the Cartel could not break this trend line gold was going to soar.
The silver price never did correct and has had stellar gains catching up to the yellow metal and reducing the Gold Silver Ratio to 48. This is a super bullish sign, you never want to be out of a market this strong. The value here has to be the Gold and Silver Junior miners. The story in the media like CNBC is to short the gold stocksand go long gold. My contrarian view is if its in the media do the opposite. I think that trade was on and I think the shorts on the gold producers is over !
.
I am looking at a handful of junior gold producers that have recently broken their down trends and I cant think of a better value in this industry than some of these junior gold stocks.
.
Below is just one example of a junior gold stock that I like that has recently broken its downtrend.
The silver price never did correct and has had stellar gains catching up to the yellow metal and reducing the Gold Silver Ratio to 48. This is a super bullish sign, you never want to be out of a market this strong. The value here has to be the Gold and Silver Junior miners. The story in the media like CNBC is to short the gold stocksand go long gold. My contrarian view is if its in the media do the opposite. I think that trade was on and I think the shorts on the gold producers is over !
.
I am looking at a handful of junior gold producers that have recently broken their down trends and I cant think of a better value in this industry than some of these junior gold stocks.
.
Below is just one example of a junior gold stock that I like that has recently broken its downtrend.
posted by AXSTONE at 3:29 PM
0 Comments:
Post a Comment
<< Home