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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