What both of these things need is what the entire precious metals complex needs in its nominal charts; a rise above a certain parameter that would imply a new uptrend.
Silver miners (SIL) vs. the metal they dig out of the ground (SLV) are not doing well at all.
Gold miners (GDX) vs. the metal they dig out of the ground (GLD) have a slightly better look, but still do not inspire.
What both of these things need is what the entire precious metals complex needs in its nominal charts; a rise above a certain parameter that would imply a new uptrend. You can probably guess what that is by visualizing what a series of higher highs and higher lows would look like.
Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com. Terms of Service available here https://nftrh.com/about-tos/terms-of-service/
Comments
Log in or sign up to join the conversation.