Astro target of 1300 i spelled out on APRIL 1 was missed by 6 dollars. AMAZING!!! silver was off by a couple cents.. WOAH!
I am still amazed at how profound of an effect the latest retros this month has driven commodity prices higher. Not only has GDX popped for over 4-5% on every retro but the inner momo being built inside the cause for all is scary. (even bdi has some movement finally .. this has not happened in the last 6-8 years.
As I expected Gold . Silver .Palladium. Platinum, Potash, Corn etc are all outperforming the general market....
Of course if one understands the fundamentals for it would be a lot easier but the basic case for the exponential rise of price is contributed to a weak dollar. As the dollar continues to weaken and even targets 92.5 a swing low, I can see why price will continue higher.
I still stand by my stance but price needs to cool down for the next leg higher.. all my targets were met time for a slight break before another ripper. ( this is the last zone of defense for the bears.) I expect some kind of pressure.
( I am getting slightly bullish.)