NUcapitals Take: A move up in the gold stocks is often a precursor to a move in the underlying asset- gold and silver. The concise overview of the technical’s on gold shows clearly that we are only now entering a new bull market in gold and silver for that matter.
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23/01/2017 Smart Money Tracking – Gary Savage
Mining Stocks Bull Market
A longer term view of the 20 month moving average on mining stocks suggests that a new bull market is well underway. This moving average has not only been recently retested but is rising as in previous bull markets. The negative sentiment extreme reached several weeks ago is providing the fuel for this first leg higher.
Gary Savage is a 57-year-old retired entrepreneur living in Las Vegas. He has been investing in stocks and commodities for 15+ years. He is a self-made multi-millionaire and attributes his financial success to savvy investments made in owning/selling several businesses, real estate, and, more recently, the stock market.