Miners Rock Higher BUT . . . .
The most powerful word in the English language is the word "but", making everything that went before is negated.
So yes, the gold miners had a great day today BUT since April 18th the HUI has been in a significant downtrend. And a body in motion REMAINS in motion until acted upon by a force.
And Sir Isaac, I concur. So there you have it, the @handofzara has given a stamp approval to Sir Isaac Newton.
What I would like to see is a rally followed by a pullback. If the pullback establishes a "higher" low, followed by a strong rally that takes out this rally's HIGH then we can call an end to this downtrend.
Patience is the name of this game, and it is a game.
Gold rallied right smack into resistance. Let's see what comes next.
Ditto for silver, with a rally into resistance.
Peace out and Stack On!
Silver is good buy opportunity. I think the gold/silver ratio can be lower !
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But it folded.
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Running low on that patience thing, stack on Bro!
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Patience? perhaps it could be put as, "The FED can't stay lucky forever."
"Nae wuird froms goldkey! Sae, we gang oan doon th' list tae ye handofzara! Tae claim th' prize o' uir recent silvers contest, sends me yer home port address to: [email protected] Ye hav until Monanday tae claim yer prize mucker!" -Keptin
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