It is very important to remain focused on the big picture during takedowns.
June 23 (King World News) – Graddhy out of Sweden: This big picture chart, and many others, was clear about that a top was in early this year. But, do not lose sight of the very big picture. Gold miners are bottoming very big picture vs gold. Means gold miners will outperform gold long term, and that is when the main part of the bull starts.
That is a pink 10-year base, and we know that “the bigger the base, the higher in space.”
Huge gains last few years, which will continue big picture.
Watch for that pink 10-year base breakout. KING WORLD NEWS NOTE: The next major bull move in the mining stocks will begin at the end of this correction, and it will unleash the miners violently above the pink breakout line. For now, it is just a matter of patience.
Costa On Friday’s Takedown In Gold & Silver
To listen to the brilliant Tavi Costa discuss what to expect in the coming days, weeks and months in the gold, silver, mining and oil markets CLICK HERE OR ON THE IMAGE BELOW.
Just Released!
To listen to Alasdair Macleod discuss the takedown in the gold and silver markets and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
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