Gold, GDX, and SIL charts (mid-Nov 2018)

in #money5 years ago

Dear Steemians, let me share with you a few interesting charts from graceland-updates.com.

The charts suggest that there might be a couple of more weeks of pain in the gold and gold mining investments. The charts also suggest that the painful period will be replaced by a nice rally where gold might rise to $1300, and GDX might rise to $23.

gold1.png

gold-gdx1.png

Surprisingly, the chart of SIL (silver miners etf) is not as positive, and while the authors suggest that silver miners might under-perform and drop to a significantly lower low.

sil etf.png

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