Silver as an investment

The Gold Direction Indicator just turned Green!

news.goldseek.com / By Peter Degraaf / 12 July 2017

For the benefit of subscribers and to help yours truly to make good decisions, we plot an indicator with ten components on a daily basis, that we refer to as the GDI. On Monday the GDI closed at 39% and on Tuesday it moved into positive territory with a reading at 61%.

Charts courtesy Stockcharts.com unless indicated.

As the following chart (courtesy goldchartsrus.com) shows, the long-term historical pattern (black line), is for gold and mining stocks to rise for 8 months, once the June-July lows are put in place.

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