Precious Metals Near Key Turning Point – goldfinger

Writing at CEO.CA goldfinger runs through some technical analysis of the precious metals markets,

“The right shoulder of this potential head & shoulders bottom hasn’t fully formed yet. But if it does, and the gold/SPX ratio eventually breaks the neckline near .52, it would send a powerful signal that a turn is at hand and one should probably raise exposure to precious metals and mining shares.”

He’s not calling an upswing quite yet but he is pointing to inflection points on the charts where that upswing might start.

goldfinger is always a good read.

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