Matt or Steve, With the market poised to take another
significant hit at the open and gold up $50+, can you provide some
short term thoughts on how the precious metal miners might play out
in the short-term.? They are quite extended yet continue to
rise. Been in quite a # for quite a while, feeling positive
for the long term, but gold and silver miners now appear to be
overbought on the daily timeframe.
Been so long since they've made a sustained run. Does news
of the day (Ukraine) dominate the short term picture which
continues straight up? If so, when would the technicals
dictate a pullback?
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Matt or Steve, With the
Posted by RichieD on 24th of Feb 2022 at 07:25 am
Matt or Steve, With the market poised to take another significant hit at the open and gold up $50+, can you provide some short term thoughts on how the precious metal miners might play out in the short-term.? They are quite extended yet continue to rise. Been in quite a # for quite a while, feeling positive for the long term, but gold and silver miners now appear to be overbought on the daily timeframe.
Been so long since they've made a sustained run. Does news of the day (Ukraine) dominate the short term picture which continues straight up? If so, when would the technicals dictate a pullback?