Post by
goldanalyst on Feb 17, 2021 8:45am
Well there you have it....
Broke through the 200-day in fashion this morning...on a techincal basis the bull run is over...we've been trading in a channel since August and we are now moving towards the bottom of it....
Now we wait for this bear market to end and with it a halt in the rising 10-year US bond yields.
Never in my wildest dreams could I have expected this outcome...but gold has a way it seems to break hearts everytime....will continue to hold what I have left here....and should it break down to anywere near $1500 before Q2 ends I will start building my position again in anticipation of inflation in H2.....it was a decent run but honestly I expected more from this bull run!! Silver is still intact though so I'm happy about that...other metals including uranium, lithium, cobalt are all raging right now....glad I transfered a lot of it over there in December and January~Still have 20% in gold stocks though and will try and stick it out for a while longer!
GLTA