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Gold Forecast: The Tiny Rally Is Unlikely to Last

From gold-eagle.com

Although small corrections in the gold and silver markets do happen, they will not cover up the bearish outlook for them, especially junior miners. As you read in yesterday’s analysis, the massive decline in the precious metals sector (especially in junior mining stocks) is here. After reading it, your profits on the short position in junior miners increased once again – congratulations! At the moment of writing these words, gold is after/during a small correction, which is completely normal. Just because the market is likely to move somewhere it doesn’t mean that it’s likely to move there immediately. Wherever it ... (full story)

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  • Category: Technical Analysis