Strong words, I know. Can I back them up? Well,what we see now – looking at various markets – does indeed look like the startof gold’s end
– The Oracle in Matrix Revolutions, 2003
The counter-trend rally has probably justended, and the final big downswing has probably just started. This “beginning”of the final downswing is, in my opinion, the beginning of the final part ofthe prolonged sideways trend in gold that started in 2011. In the case ofsilver and mining stocks, that’s likely the final part of the decline thatstarted back then.
These are strong words – I know. Let’ssee if I can back them up.
First of all, I’ve been writing about theanalogy between 2013 and now for many weeks now, and you can read about theseanalogies in thisweek’s flagship analysis. This key link remains intact. The chartsgiven below confirm that from the short-term point of view.
Even though the USD’s move higher is so far verytiny, gold and silver are down by about 0.5% today. Is the top in the PMs in?This seems quite likely to me. What we see right now – especially in light ofthe analogy to Feb. 2020 in the GDXJ – doesindeed look like the beginning of the end.
Thank you for reading our free analysistoday. Please note that the above is just a small fraction of today’sall-encompassing Gold & Silver Trading Alert. The latter includes multiplepremium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’dlike to read those premium details, we have good news for you. As soon as yousign up for our free gold newsletter, you’ll get a free 7-day no-obligationtrial access to our premium Gold & Silver Trading Alerts. It’s really free– sign up today.
Thank you.
Przemyslaw Radomski, CFA
Founder, Editor-in-chief
Toolsfor Effective Gold & Silver Investments - SunshineProfits.com
Tools für EffektivesGold- und Silber-Investment - SunshineProfits.DE
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Disclaimer
All essays, research and information found aboverepresent analyses and opinions of Przemyslaw Radomski, CFA and SunshineProfits' associates only. As such, it may prove wrong and be a subject tochange without notice. Opinions and analyses were based on data available toauthors of respective essays at the time of writing. Although the informationprovided above is based on careful research and sources that are believed to beaccurate, Przemyslaw Radomski, CFA and his associates do not guarantee theaccuracy or thoroughness of the data or information reported. The opinionspublished above are neither an offer nor a recommendation to purchase or sell anysecurities. Mr. Radomski is not a Registered Securities Advisor. By readingPrzemyslaw Radomski's, CFA reports you fully agree that he will not be heldresponsible or liable for any decisions you make regarding any informationprovided in these reports. Investing, trading and speculation in any financialmarkets may involve high risk of loss. Przemyslaw Radomski, CFA, SunshineProfits' employees and affiliates as well as members of their families may havea short or long position in any securities, including those mentioned in any ofthe reports or essays, and may make additional purchases and/or sales of thosesecurities without notice.
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