This is a syndicated repost published with the permission of Gold Traders Almanac. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
The FCS remains on SELL/CASH signals for GDX,GLD, and SLV. Convergent support is strong in the HUI 310-320 area that is being currently tested. Unfortunately I see no indications of a bullish reversal on any of the indicators I use. On the other hand the “golden triangle” is undergoing a common tendency of price to pull-back and test the upper triangle […]
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