Precious Metals & Mining Sector Continues to Grind

I've received several inquires as to my thoughts on the precious metals & mining stocks recently so without any other market developments worth noting today, I figured that I'd share my reply as to my thoughts (or lack thereof) on the near-term outlook for gold, silver & the mining stocks.

Q: I am curious as to your thoughts on the metals and miners as you haven’t posted anything for a while.

A: I haven’t posted on the metals or miners because I have absolutely no idea on their near-term direction other than they are likely to continue to chop around in the tough-to-trade range that they have been for the last couple of months. The charts are very unclear to me so I’m focusing my attention elsewhere, patiently waiting for an objective setup to form on the metals & miners. If & when I see something worth mentioning I’ll post an update.(end reply)

If you have any questions on any of the existing trade ideas or notice any potential trade setups that might look compelling, feel free to drop me a line using the contact form located under Resources in the top menu of the site.

2015-06-11T15:15:25+00:00 Jun 11, 2015 3:15pm|Categories: Gold & Commodities|Tags: , , , , |Comments Off on Precious Metals & Mining Sector Continues to Grind