OTCPK:PGMFF - Post by User
Comment by
Welchspringon Jun 19, 2021 8:05pm
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Post# 33417337
RE:This is a Gold Bull Market
RE:This is a Gold Bull MarketTDSB nice to hear your opinion on where gold pricing may go next week or the following week.
There are a couple of things happening that are bothersome in the markets. First the S&P 500 broke the lower upward sloping trend line on Friday. This has not happened since March 23/2020, The second concern is that large institutions have been selling there stocks slowly over the last month. These two things leave me to believe that a market correction is coming shortly. I think we are going to see a 10% correction and if the S&P breaks down below 3750 we will see a much greater correction. What this means in my opinion is that gold and silver could see more downward momentum over the next month.
I know you have doubts that this could happen during the summer months but there are sure a lot of signals indicating a correction is building. We will see where this all goes in the next month.