Last week I took notice of perhaps an opportunity to profit from the greatly oversold precious metal miners and now I believe we have further supportive evidence towards that end. The USD broke lower from its clearly defined triangle:
I believe the 200 day moving average is the USD's next stop. Should the USD break down from its 200 day moving average, then we could witness a spectacular rally lasting perhaps for a few weeks within the precious metals complex.
After a bit of frustration last week, I currently maintain a small position in NUGT at cost $11.65, and look forward towards adding to it.
Gold & Silver Paper Has Been Rigged for 20 years - Podcast - Rigged Markets are the Norm *by Soren K of MarketSlant-The only reason we are even starting to get to the bottom of the LME Silver and Gold scandals is be...
5 minutes ago