Precious metals (and their miners) trends unchanged
Very brief update, as time is in ultra short supply.
US STOCKS
I see on the charts that the Industrials, Transports
and SPY have bettered their last recorded primary bull market closing highs. This
means that the primary bull market has been unambiguously confirmed and that we
can declare the hitherto ongoing secondary reaction as extinguished.
Here you have an updated chart. The blue horizontal
lines represent the last recorded primary bull market closing highs which have
been exceeded:
PRECIOUS
METALS AND THEIR MINERS
Trends remain
unchanged, which means:
For Gold and
silver: Ongoing secondary (bullish) reaction within a primary bear market.
For their
miners: Primary and secondary trend bearish.
Sincerely,
The Dow
Theorist
No comments:
Post a Comment