The Precious Metals Correction: Late Innings, Not Quite Done | Metals Mine

  • The Precious Metals Correction: Late Innings, Not Quite Done

    From thedailygold.com

    The intermediate-term correction in precious metals is getting long in the tooth—but it is not over yet. We are finally seeing the kind of cleansing you want to see after a major breakout: sentiment has cooled, positioning has washed out, and participation has thinned. But when you line up the historical analogs and drill into breadth, the message is clear: this move likely needs a bit more time and a bit more downside before it fully resets the runway for the next leg higher. After a major breakout, Gold’s first significant correction has historically followed a clear pattern: a strong impulse higher, followed ... (full story)

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