Lee AdlerWe aren’t out of the woods. There are signs that the 9-12 month cycle down phase could be much worse than I originally had hoped. This includes a new downside cycle projection that won’t make you happy, unless you want to accumulate at lower prices.
There were some positive signs for gold last week and they are coming at just the right time.
As the trading range on gold tightens, there are some negative signs. I’m packing it in on most of the the mining picks for the time being.
Obviously, I did not like the action in the metal and miners yesterday. They are edging toward a potential breakdown, but there’s still time for a constructive outcome. Here’s what we’re looking for.
The pop in the miners looks wildly bullish on the charts.
Here’s where to look for gold’s constructive consolidation to turn up. Meanwhile, I’ve added another pick to our list of miners.
The setup is propitious for a short term low risk entry. There are a few nice looking plays.
There’s good reason to think that a 13 week cycle low is forming despite lower projections.
Gold’s pullback has come to the line in the sand. Here’s what to expect.
