victorh - Steve made great points. Also this monthly chart
doesn't really say bear market to me, even the weekly though my 60
Stochastic is back below 50%. I don't trade monthly and
weekly charts but otherwise they really don't scream bear market to
me. Anyway very short term gold bounced off that support zone last
week with some divergence, I'd like to see gold make a higher high
and for the stocks to lead. July generally starts a more seasonably
favorable conditions for the metal, we'll see what transpires
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SLV seasonality chart
Gold Stocks Bear Market? As a goldbug I am hoping ...
Posted by matt on 5th of Jul 2021 at 02:07 pm
SLV seasonality chart
victorh - Steve made great
Posted by matt on 5th of Jul 2021 at 02:23 pm
victorh - Steve made great points. Also this monthly chart doesn't really say bear market to me, even the weekly though my 60 Stochastic is back below 50%. I don't trade monthly and weekly charts but otherwise they really don't scream bear market to me. Anyway very short term gold bounced off that support zone last week with some divergence, I'd like to see gold make a higher high and for the stocks to lead. July generally starts a more seasonably favorable conditions for the metal, we'll see what transpires