Gold On Verge Of Breaking Intermediate Trend Line
Gary Savage | May 28, 2015 12:26AM ET
Gold is on the verge of breaking its intermediate trend line. If it does, that would swing the odds heavily in favor of the intermediate cycle having topped.
The miners (ARCA:GDX) gapped through their intermediate trend line and have started a pattern of lower lows. The odds are high that the miners are now in the declining phase of the intermediate cycle. Best to stay on the sidelines at this point.
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