consolidations serve to confuse
all i know is my account is up daily so, i worry (bulls climb a wall of worry) but i am in to do some light buying . my work shows choppy , but a breakout imminent if bears take control i bail. otherwise i ride. not going to let the market drive me nuts
by the way senors jumping on wdoff when it hit the skids turned into a big winner in a short time. kudos
the patterns on the miners look really good to me. i am waiting on platinum and silver to take over as lead dogs. for that inflation has to show its hand. crude oil et al need to support the pm case.
i see big money coming into the mining space. i see silver stocks outpacing silver. big money buys stocks first then the metal. i see big bases built waiting for supply to be chewed up
i find this perspective interesting https://thedailygold...ial-10-baggers/
meanwhile cbs keep buying gold eastern europe joins the fray in a significant way. you think these guys dont trust other cbs ? nah
I don't know why people fear consolidations - for me it is always a time to sort the winners from the losers (or the big winners from the market performers in a BULL run) - the winners ALWAYS seem to overperform on the downside (lose less) during corrections and when the turn-up comes and the next impulse move begins - they lead - PERIOD.