Gold Mining Shares Topping, Drop Due
Commodities / Gold and Silver Stocks 2016 Apr 11, 2016 - 05:33 AM GMTBy: Brad_Gudgeon
Either 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
Editor of The BluStar Market Timer
The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014, competing with over 1600 market timers. This occurred despite what the author considered a very difficult year for him. Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The website is www.blustarmarkettimer.info To view the details more clearly, you may visit our free chart look at www.blustarcharts.weebly.com Copyright 2015. All Rights Reserved
Copyright 2016, BluStar Market Timer. All rights reserved.
Disclaimer: The above information is not intended as investment advice. Market timers can and do make mistakes. The above analysis is believed to be reliable, but we cannot be responsible for losses should they occur as a result of using this information. This article is intended for educational purposes only. Past performance is never a guarantee of future performance.
Brad Gudgeon Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
