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Category: Gold and Mining Stocks Trader

Weekly update of precious metals stocks and ETFs and the price of gold itself, featuring Lee Adler’s proprietary cycle analysis and cycle screens of junior gold stocks, and a couple of majors and ETFs, with market trend opinions and swing trade stock picks.  Click here to subscribe. Now published at Lee Adler’s Liquidity Trader.

Reason to Stay Optimistic on Gold

The 13 week cycle up phase aborted early and the pullback has negated the base breakout. When that happens there’s usually a recovery before a second high that confirms the top. I want to remain optimistic that this will only result in a mild correction/consolidation. As long as the 10-12 month cycle indicators continue to signal an up phase, that’s where I’ll give the benefit of the doubt.

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