Problem to be in pm’s have remained for a long time, but fundamentals and bullish charts have been largely worthless when it comes to predicting bullish moves. I’ve been in for so long now, I’m not sure I believe there’s really any event or fundamental reason for them to go higher, although the move from $1200 to $1500 came out of the blue – then stopped. The shares OTOH, are an investors worst nightmare, they don’t follow gold or silver, we’re looking at ridiculously low share prices going back as far as where they were in 2006. They are a comedy show, like owning a sinking sail boat.
Anyhoo – here’s your always downside predictive COT Report: