Gold & Silver Heavy Selling, Miners Bull Pattern Fails - Video
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It was a rough week for precious metals as Gold lost 3%, Silver 4% and the miners shed over 7%. The bullish inverse head and shoulders patterns in the mining indices failed as Gold & Silver were sold throughout the week.
In this video we analyze the recent price action and note support levels.
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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.
