Monday, January 26, 2015

Big Precious Metals Miners - Long Term Supports Are Working

In the beginning of November last year I placed a chart showing the technical situation of big precious metals miners (link). After nearly three months those miners' prices are still above their strong long-term supports. Please, have a look at the chart below:

Although the shares are above their supports, they are not in a bull market yet. But, similarly to gold, the risk of investing in the whole PM sector is today at the lowest levels in history.

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