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TFC Commodity Trading Forum

Re: Gold Backing Off again/Gold-Silver ratio/Hal

Hmmmmmm....
Yet another piece to the puzzle, thanks Hal!
I do think metals are due for a much much higher run ....but.... there is also a need for a washout mid-term which would shake out many of the bulls and the boat is way lopsided currently...
and this chart certainly seems to suggest something is immenent

and the way in which the metals moved lower yesterday, just felt different. like gold was struggling to break higher with everything it had and was spent of all its energy or something....
and if it was to break the double top it needed to do it quickly while it had momentum...

Anyways, we'll see soon enough I guess...

Cheers!