ATAC Asks Drying Up?The markets are losing their credibility very rapidly and I'm a firm believer that when the markets take their next dive the majority will not recover. As for the fortunate investors who are holding gold and silver stocks, they will see new highs for quite some time. Of course there will be attempts at shaking out loose hands and triggering stop-losses before then and
if pm holders do panic, I will take that as an opportunity to accumulate before record highs are broken. "If" is no longer in the equation, it's just a matter of "when?"
Gold Targets New All Time High Whilst Gold Stocks Avoid Market Crash:
Clive Maund
https://www.themarketoracle.biz/Article19336.html
"A most encouraging development for Precious Metals stock investors last week was that when the broad stockmarket nosedived, the sector was not just left unscathed, but actually rose. This is an indication that the sector is likely to break ranks with the broad stockmarket in the event that the latter goes into decline. As we can see on the 3-year chart for the HUI index, it is at a critical juncture as it is either forming a Double Top with its 2008 highs, or it is about to break out to new highs and embark on a vigorous uptrend. This is what we expect to happen, and is what many individual stock charts are pointing to, and of course this development would be expected to come hard on the heels of a gold breakout to new highs."
It looks like the ATAC asks are drying up, it could be an interesting couple of weeks ahead!