My Own Market Narrative
"It will take a rally of monumental proportions to save the penis of John McAfee" - Zerohedge, 2017
Thursday, July 19, 2018
Whoops, gold and silver suck again
Haven't been watching it for a while, so I was surprised this morning to see that gold has really dropped conclusively below $1300.
Two quick charts:
Silver weekly looks like death. If it doesn't turn around in the next week then this multi-year pennant resolves on the downside with pain. Eric Sprott will probably blow his brains out.
Gold looks slightly less horrible on the weeklies.
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