Gold and Silver Bull Market Correction Expected

Technical analyst Jack Chan is awaiting the gold bull correction and sees it as a good entry point for gold.

by Jack Chan
The Gold Report

[…] Our proprietary cycle indicator is down.

[…] We have a set up to short GLD with tight stops.

[…] We have a non confirmation this week as prices made a new high while indicator made a lower high.


A bull market in gold and silver has been confirmed, but no bull market is sustainable on a nonstop price spike, therefore, it is not if but when a correction will begin. Bull market corrections can be very sharp but short lived, therefore, the next cycle bottom could be an excellent entry point.

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