Will Gold And Silver Miners Finally Be Bullish In 2019?

The price of gold (GOLD) and silver (SILVER) retraced after gold’s 6th attempt to break its bear market wall. Consequently, gold stocks and silver stocks (GDX) showed some weakness. But is this really concerning? And when will gold and silver miners finally become bullish, in 2019 or later? As both our gold forecast as well as silver forecast are still in play we believe we will see a bullish breakout in gold and silver miners still in 2019, this is why!

It is interesting how short term focused readers are. After 2 weeks of weakness in precious metals, we see social media messages directed to our team almost doubting our credibility and forecasts.

You read this correctly, 2 weeks of price weakness after 4 months of strength!

Social media introduced such a short term focus that people simply can’t take a step back and look at the big picture. It is insane, and certainly very destructive for their portfolio.

At InvestingHaven our focus remains both on the long term as well as the short term. As explained in our 100 investing tips we have a strict disciplined method, and we do not deviate from this certainly not because of some tweets:

 A strict and disciplined way of identifying trends on charts is required. The most fundamental way to apply the ‘start with the chart’ principle is the top-down approach: first, study the monthly chart as it shows the ongoing dominant trends, then the weekly chart, only after this the daily chart. This is the right approach to understand trends. Only if and once patterns or opportunities on all 3 timeframes are in synch is it justified to do an investment. In other words, the 3 timeframes have to confirm each other, not divergence.

Yes, with a big picture approach investors also need long term gold charts.

Gold And Silver Miners Bullish Fundamentals

One of the few gold and silver miners news articles relevant for investors is this one on Bloomberg.

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