1. Stocks flat after recent runs. Metals flat to up.
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  2. Good Thur Am. Gold is up slightly, +.5 to 1264, while Silver is up 2 to 1739. Crude is down 44 to 4918. The USD is down 5 to 9887.
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  3. Week of 4/22/2017 Closing prices & Chg Over Last Wk---- Gold $1289.10-- UP 0.60 Silver $17.85-- down 66 Oil $49.62-- down 3.80 USD $99.88 -- down 58

Ready for New Year 2017 Massive Rally in Precious Metals and Junior Miners

Discussion in 'Gold Silver (All things Metal)' started by Scorpio, Jan 1, 2017.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    pdf file at link:

    Ready for New Year 2017 Massive Rally in
    Precious Metals and Junior Miners

    Jeb Handwerger

    Summary

    The Trump presidential election win has pushed capital into a
    major risk on rally, benefiting stocks, energy and the US dollar.
    Interest rates are so
    aring in line with the Dow breaking 20k
    indicating major inflationary pressures.
    Commodities such as industrial metals, copper and oil are
    rallying.
    The junior gold miners could be on the verge of breaking a six
    -
    month downtrend.
    A few weeks ago, in an
    article titled,
    "Is A Year
    -
    End Reversal
    Forming For The Junior Gold And Silver Miners?"
    I attached the
    following chart.
    In the article, I wrote "T
    he precious metals are very oversold and
    ripe for a reversal as they usually bottom at year
    -
    end then have
    massive rallies in the new year. This seasonal pattern has been
    strong even during this bear market."

    http://www.321gold.com/editorials/handwerger/handwerger010117.pdf
     

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