Silver outpacing Gold is a bullish sign for the sector.
Silver miners (CDE PAAS etc) diverging from and leading Silver to the upside is also very bullish.
Silver miners (CDE PAAS etc) diverging from and leading Silver to the upside is also very bullish.
Trade active:
Wow could not have asked for a better blast for my overweight gold & silver miner positions.
FWIW, I think today and yesterday are recognition of a new bullish cycle. Since Sept the fundamental case for Gold & Silver have only gotten (much) stronger.
Since it's holiday volume, I think this move could actually accelerate from here and further lock most people out. How many people are thinking this should dip, and a dip would be a good buy given the fundamentals out there?
I'm thinking something like this
In any case, Merry Christmas let's see what the new year brings.
FWIW, I think today and yesterday are recognition of a new bullish cycle. Since Sept the fundamental case for Gold & Silver have only gotten (much) stronger.
Since it's holiday volume, I think this move could actually accelerate from here and further lock most people out. How many people are thinking this should dip, and a dip would be a good buy given the fundamentals out there?
I'm thinking something like this
In any case, Merry Christmas let's see what the new year brings.