Gold, Silver And Miners Are Sizzling Hot

Gold and Silver prices have reached important long-term buying interest areas last week and we have the first reversal signs. I remain longer-term bullish and you were notified promptly by the wedge pattern breakout and the warning signs we were given before the upside reversal.

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(Click on image to enlarge)

My minimum bounce target is at $1,260 but overall I believe there are a lot of chances that an important low is in and that a new upward move has started, that eventually will break the long-term downward sloping trend line we have hit so many times and got rejected.

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 Some interesting miner charts….

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(Click on image to enlarge)

(Click on image to enlarge)

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(Click on image to enlarge)

(Click on image to enlarge)

 

Disclosure: I have long positions in ABX, AG, GDX, WPM, XME, and in future contracts.

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