Noticing Silver strengthening against gold this morning. Looking for one more surge up, perhaps next week, if it does not take out the highs, perhaps we will see at the minimum, some reversion to the mean. I had been noticing gold stocks weakening over the past few trading days and have pared down, selling RGLD, MAG and a few others. Keeping WPM. Unfortunately, the gold stocks that I would like to own show falling stochastics on the monthly charts so while there may be some decent rallies, I'm wondering if a general deflation scenario along with production and refining shutdowns might affect the gold sector across the board. Want to keep my powder drive awaiting screaming buys should they present themselves.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.