Time is once again in very short supply, so I haven’t
been able to post much of late.
However, trends have not changed, since my last post last week. Not even secondary
ones.
Thus, US stocks, remain in a primary bull market. The
secondary trend is bullish, if we are to follow my own interpretation of the
Dow Theory; or bearish, if we are to follow Schannep’s Dow Theory (something
which would be very sensible too). More about the small difference between
Schannep’s interpretation of the Dow Theory and mine, here.
Gold and Silver remain in a primary bull market, and
the ongoing secondary reaction continues eroding previous gains. Will we get a
primary bear market signal? I don’t know. I just look at the charts every day.
As to the gold and silver miners ETFs, remain in a
primary bull market, and the ongoing secondary reaction continues eroding
previous gains.
If I see changes, I will alert you.
Sincerely,
The Dow Theory
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