This Chart Formation Is Setting Up An Explosive 2-Year Move In The Gold Miners…
by Tekoa Da Silva
Bull Market Thinking
The following is courtesy of Gary Savage’s SmartMoneyTracker, posted 1/17/2013…
“Whenever I am confused by the action in the market, the first thing I do is pull up a very long-term chart so I can get a feel for what is really going on, and eliminate the distraction of the day to day wiggles. I think we are all wondering when the miners are going to join the party as it certainly appears that gold and silver both have formed major yearly cycle bottoms.
What I saw was quite a surprise. The character of the mining sector has changed completely. For the first time in this bull market miners are forming a rounded base instead of the typical V-shaped bottom. A rounded bottom is a much more powerful basing structure than a V-shaped recovery.
Continue Reading at BullMarketThinking.com…
2013-01-18 11:20:18
Source:
