Precious Metal Miners – Is the Correction Beginning?

Posted by Bob Hoye - Institutional Advisors

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April 22, 2016 –

Daily ratios of silver versus gold and miners versus bullion are at overbought levels in the RSI(14). If this was the first leg up in a new bull market, then we can look forward to a deep correction that provides buying opportunities. As noted last week, optimum pullbacks in the silver’s should be to the 50-day exponential moving averages. 

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related: A view from Marc Faber:

Faber: Physical Gold Storage Costs, The Fed & Economic Figures