Something BIG Happened This Past Week In Metals- Avi Gilburt (14/09/2018)

Sep 14 13:09 2018 Print This Article

14th Sept,2018

Once we broke support a few months ago in the

metals market, I began pointing to much lower levels before we complete this

larger degree 2

nd wave within which we have been caught for the

better part of two years. And, as we came into this past week, most of

the metals charts we have been tracking were pointing down. In following

through on those downside patterns this past week, the GDX finally completed

the minimal wave structure we would need to see to even begin looking for a potential

bottom as being struck.

Yes,

that means that we can start looking for clues of the market having

bottomed. But that does not mean that we have certainly struck bottom

yet. Rather, it simply means that the GDX can finally prove it has

bottomed with its next rally being impulsive, as we have enough waves in place

Read More

About Article Author

Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

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