Regardless of the longer-term fundamentals for gold and silver which we know are spectacular, we can expect them to take a hit from temporary dollar strength and correct...
With respect to Gold potentially correcting at least over the near-term, the above graphic’s graveyard regardless reminds us that “Shorting Gold is a bad idea.”
The fundamentals for the gold bull market have not changed. All the corrections since the beginning of 2024 have been sideways churns. Markets just don’t go straight up forever.
Ira Epstein provides insights into gold's technical patterns, emphasizing its bullish signs, and analyzes the gold-silver ratio, which has decreased significantly since May.
