David looks back at the last rally for gold and discusses how the $300 move became overbought from a technical perspective. That rally has only corrected by a third, which is a good sign of a bull market. He expects that there will be a lower low soon, and then we should be off to higher highs.
He uses a more holistic approach to market analysis and follows numerous signals looking for extremes like sentiment, which together reveal a market direction. David examines what led to significant turning points and then looks for similar patterns today. He says, “Being a contrarian can be quite profitable. When people get exuberant, markets tend to overcorrect.
Courtesy of Palisade Radio
Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1X... READ MORE
Power Metals Corp. (TSX-V: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF... READ MORE
Vox Royalty Corp. (TSX-V: VOX) (OTCQX: VOXCF) a returns focused ... READ MORE
Aldebaran Resources Inc. (TSX-V: ALDE) (OTCQX: ADBRF) is pleased ... READ MORE
Scorpio Gold Corporation (TSX-V: SGN) announces that further to i... READ MORE
We acknowledge the [financial] support of the Government of Canada.