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Breakdowns in Silver and Miners Are Confirmed – Let’s Slide

From goldpriceforecast.com

In my Friday’s intraday Alert, I wrote that the post nonfarm-payroll rally wasn’t here to stay. It didn’t. As is always the case, it’s a good idea to check for previous analogous situations before claiming that “this move” is real or fake. This time, it was the above-expected employment numbers that caught the market’s attention, and I marked the cases, when the market was positively surprised in the past with vertical, dashed lines. On Friday, right after the market moved higher, I wrote the following: “In May, June, and early September those [marked moments] were clear tops. There was some immediate-term strength, ... (full story)

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  • Category: Technical Analysis