Here is a look at the other major group in the gold and silver markets and how they will become a major factor in boosting metals prices as they begin to surge.
July 24 (King World News) – James Turk: “The other major group that you have in this sector are the momentum players and the momentum players are not in the market at the moment. That’s why silver’s Open Interest has dropped by nearly 40,000-50,000 contracts over the past several weeks. The momentum players are out of the market. They won’t come back into the market until they see an uptrend beginning again, when gold and silver break out of these trading ranges they are in, and when you see that happen you are also going to see the mining shares break out of the trading range they are in. The rising prices in those markets will then bring in more momentum players and then you’re going to see the big move up which I’m still expecting before…to continue listening to James Turk discuss what will end the long consolidation and break the metals and mining stocks out on the upside CLICK HERE OR ON THE IMAGE BELOW.
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