Silver is trying to breakout to the upside with another upleg on deck. As all stackers know silver will break your heart and yet we keep buying it with the thought that someday, our day will come. Perhaps that day is getting closer!
Gold is churning within a ever more defined range waiting patiently to break one way or another.
Is that a "Bull Flag" forming in the HUI?????
The gold miners are grossly overbought, I repeat the gold miners are grossly overbought. If we are in a true "bull market", who cares as the gold miners we spend much of their time in overbought conditions while the price continues to rise. If on the other hand this is just a weird "summer rally", then a painful correction could be on the way.
Time will tell, but for the most care free way to protect your assets, STACK SILVER!
Peace out and stack on!