GARY SAVAGE – WED 14 OCT, 2015
GOLD BREAKS A COUPLE TECHNICAL LEVELS AND CONTINUES TO LOOK STRONG
Gary kicks odd today with comments focusing on the gold market. He continues to see gold entering a bull market and the US dollar continuing to decline. He also has a call for HUI that will make many holder very happy if it hits.
Gary SavageAl KorelinCory Fleck
On October 14, 2015 at 9:24 am,
If we have hit bottom in gold, it will be interesting to see how the miners do over the next 5 years or so. Looking at the long term BGMI chart, miners essentially go straight up or straight down in 2-3 year bursts.
Also, it is interesting to note that the miners haven’t really gone anywhere in 35 years. That is one hell of a base.
My only concern are the long term moving averages, like the 200wma, which could temper the speed of the rally. Would rather make my millions in 5 years than 10. Lol.