On April 7 in pre-market we had an extensive update on gold, silver and especially, the miners. This update is now public for your review HERE
If you check it out what you will see is a service that put subscribers right on the very first inkling of the breakouts from consolidation in gold and the miners. What you will also see is an admission that I had been cautious of the consolidation to that point.
In other words, amid the noise of those advising of the big upside to come (as they always do) and those advising of death by CoT (“30,000 coffins” anyone?) we let the charts advise what the price action was going to be against a very good fundamental backdrop.
Speaking of fundamentals, I have put a lot of effort into publicly explaining what would be the right environment for gold and the miners. The ongoing Macrocosm theme, which we introduced last summer, has carried the day after years of China/India Love Trade, COMEX crookery… US jobs drives inflation and drives smart money to gold… we’re all gonna die, buy gold! b/s.
….to read the Extensive Precious Metals Update w/ Daily Charts go HERE