Precious Metals Complex: The Bottom Is In – Investing.com

Precious Metals Complex: The Bottom Is In – Investing.com

Since there is so much information to show you on , and the VanEck Vectors Gold Miners ETF (NYSE:) I’m going to break it down so you can better understand what the charts are strongly suggesting.

After an eight month correction in the PM complex I’m going on record to say the bottom is in. I know it is a bold statement but everything I see from a Chartology perspective is strongly suggesting the new impulse move up has begun. I don’t make these kinds of predictions often because of the impact it can have on ones portfolio if I’m wrong.

I’ve been cautiously optimistic since the middle of April 2021 when we began the accumulation process of putting together the PM Stock Trades Portfolio. You never know for certain when you put on a big trade like this if you are making the right decision or not. It is only when you look back in hindsight that you know for certain that what you were seeing is actually correct.