Correction in Gold and Silver Markets Continues

Technical analyst Jack Chan charts the latest moves in the multiweek correction in the gold and silver markets.

by Jack Chan
The Gold Report

Our proprietary cycle indicator remains down.

[…] Our short position was stopped out at break-even; stay neutral for now.

[…] Our ratio remains on sell signal.

[…] Speculation remains near the all-time high.

[…] Gold stocks as represented by $HUI are on a major buy signal, but with the cycle down, a multiweek correction is in progress. Investors should wait for the next cycle bottom to accumulate gold stocks or ETFs.

Continue Reading at…