OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

The gold short was covered despite further downside potential in the metal. But it is coming time again to prepare to be a buyer, not a bear.

Posted by Richard640 @ 8:02 on April 20, 2019  

 

From the February high to today’s low HUI has done a lot of good work tamping down the sentiment backdrop (120 min. chart below). Sentiment is getting cleaned up and that has been necessary since February.

hui

But gold sector cleanups tend to end in climactic events. I don’t think we’ve seen one of those yet.

https://nftrh.com/2019/04/18/precious-metals-wash-rinse/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.