Please also see my mid-week updates on the USD, Energy (Oil, Nat Gas and Uranium), and the SPX.
As you know, for Gold and the PM complex, I have been expecting a 5-6 month Intermediate Cycle Low (ICL) in the December timeframe and the Fed’s FOMC meeting seems to provide the catalyst on a number of occasions.
Here is a post from this past weekend on 12/10.
https://surfcity.co/2017/12/10/gold-intermediate-cycle-update-15/
While more evidence is needed to confirm Gold’s 5-6 month Intermediate Cycle Low (ICL) is behind us, I did add three Mining stock positions today for a total of 5 positions moving forward.
A word of warning here is that markets love to retest major lows in the form of a “W” where sometime the 2nd low is higher and sometimes a dreaded undercut low. Because of the possibility of an undercut my stops are “manual” at this point as I don’t intend to lose my position unless I choose to.
For charts on the PM sector, please see today’s Trade Alert.