Here's How I'm Playing The Precious Metals
Tim Knight | Aug 28, 2018 02:13PM ET
Gold, silver and precious metals miners have been bouncing lately (I suggested going long miners on the 16 to my PLUS subscribers, which I’m glad to say was the exact bottom). I still think they have room to run, but for the more nervous folks out there, I wanted to point out that an important price gap is quite close. In addition, as the gold sector chart shows below, the moving averages have entered into full-blown collapse mode.h3 Philadelphia Gold/Silver/h3
For anyone who thinks the bounce in metals has run its course, the instrument DUST (triple-bearish on miners) could be an interesting way to go. It has a very well-formed bullish base and came extremely close to closing its own price gap, which I’ve pointed out with an arrow below. I say again, I think miners have more room to run and I’m thinking both of these gaps will get swept aside.
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