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Time To Give Metals A Break

Published 03/07/2017, 11:33 AM
Updated 07/09/2023, 06:31 AM

It’s starting to look more and more like the intermediate cycle for precious metals has topped. During the declining phase of an intermediate cycle, the RSI (5) tends to stay oversold for long periods of time, as is now the case. We should have a bounce out of a daily cycle-low soon but I suspect it will roll over and price will make a lower low.

Latest comments

Thanks for the update..sure was a disappointing dip. To late to short.I am in Nat Gas for an alternative, coming off bottom with positive money flow....will trade to raise cash and wait for metals.,
The banksters are dumping massive shorts on gold and silver. Massacre is coming. Double bottom will form at 1125. Silver is really getting shorted. Commercial shorts are at an all time high. Silver is going under 17 and fairly soon. .
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