sunshineprofits.com / PRZEMYSŁAW RADOMSKI , CFA / DECEMBER 14, 2017
In, we emphasized that a lot changed from the short-term point of view, even though price changes in gold and silver were small. On Tuesday, we argued that closing our short position on Tuesday had been justified. Mining stocks soared by over 3% making yesterday’s session the biggest daily rally since August. A lot has changed indeed. Will the rally continue for much longer?
Let’s take a look at the chart to find out, starting with the chart that was the first to indicate that the decline is ending – platinum (charts courtesy of http://stockcharts.com).