Everything You Need to Know About Silver & Gold in July
We have a bottom. So the big question is, do we have a bottom or is it the bottom? Well, that remains to be seen. But I do think we have a bottom. And let me quickly tell you why. We know that precious metals have been very oversold. They've been declining for five months. We're seeing huge declines in percentage terms across the board. But look what happened just in the last couple days. We have a significant positive divergence. The mining stocks did not make a new low and gold and silver did. So this is a bullish as far as the very short term a very bullish short-term positive divergence. Let me quickly explain.
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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.
