Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Break or Make, Die or Do- Professional Edition
Thursday is a critical day as the market averages challenge major downtrend resistance lines, and 13 week cycle indicators border on buy signals.
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Will the next few days potentially invalidate the idea that a new cyclical bear market began post the April high?
Potentially I suppose so. It’s in the back of my mind. When I have a stronger indication one way or the other, I’ll definitely address it in the report. I’ll do a long term update this weekend as well.