Gold Mining Shares Topping, Drop Due
Commodities / Gold and Silver Stocks 2016 Apr 11, 2016 - 05:33 AM GMTEither we saw a top in the mining shares Friday or we will see it on Monday. The cycles suggest a low around April 19th and the e-wave pattern suggests a continuation higher after the bottom is put in, likely into early June.
The 8 year low still looms in the fall. I still believe we will see lower prices after the spring rally terminates, and lower stock prices and a strong dollar play havoc with the commodity sector.
The chart below explains:
Brad Gudgeon
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