There may be something going wrong with the bearish case today. It is quite possible that Tuesday was the daily cycle for gold and today’s action is confirming that a new daily cycle has begun. The persistent strength in gold mining stocks is indicating that early June low was a valid weekly cycle low and gold sector may have a strong run this fall.
Just a thought…
Mary
on July 18, 2014 at 6:45 pm
If there’s ‘no risk of inflation’ – (Yellen) it’ll be hard for mining stocks to stay put with metals falling – the agriculturals are all weak – meat prices likely to fall with much cheaper corn into the end of the year.
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Lara, when you get a chance, could you do a brief update for silver. Thanks Nixie
Will do. Later today.
There may be something going wrong with the bearish case today. It is quite possible that Tuesday was the daily cycle for gold and today’s action is confirming that a new daily cycle has begun. The persistent strength in gold mining stocks is indicating that early June low was a valid weekly cycle low and gold sector may have a strong run this fall.
Just a thought…
If there’s ‘no risk of inflation’ – (Yellen) it’ll be hard for mining stocks to stay put with metals falling – the agriculturals are all weak – meat prices likely to fall with much cheaper corn into the end of the year.