I was disappointed in yesterday's action because I thought the Dow had the strength to rally and test or even surpass its previous record high. But alas, the market was weak across the board and the Dow closed lower. Sooner or later we should see a rally, during which the Dow will test its recent high. If the market continues down without a rally, there's no way of knowing how far it may decline. But from a selfish standpoint, since we are only in precious metals, we don't care how far the Dow declines. That is the advantage of being invested only in silver, gold and the gold miners.
Below, we see gold in the classic cup and handle formation -- and well above its 200-day moving average.
Germany is the strongest nation in Europe. But the chart below tells us that Germany is fading.
China is the powerhouse of Asia and the ... Log in or subscribe to continue reading.
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