Reviewing the overall bullish posture that the precious metals sector has been in for some time; and while overbought, I feel the balance of probabilities is for higher metals prices before a more meaningful correction in the sector.
Reviewing the overall bullish posture that the precious metals sector has been in for some time; and while overbought, I feel the balance of probabilities is for higher metals prices before a more meaningful correction in the sector. I'm encouraged to see silver and the PM mining stocks outperforming gold recently, another point I reiterated was the positive breadth thrusts across the advance/decline line and rate of change signals I follow, which is constructive for the whole sector.
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