THH – Seeing Signs of Seller Exhaustion
Yesterday the dollar ramped, markets tanked and especially silver got flushed (-6%). Still, many juniors held up relatively well and GDXJ/GDX formed potential reversal candles at pretty good volumes. To me we are starting to see signs of the sector running out of potential sellers.
Some great charts and comments Erik. It’s amazing that some charts shown are quite similar in all respects when comparing to 2008.
As Mark Twain once said “History doesn’t repeat itself but it often rhymes”
Thanks Warren! I’m not calling any bottoms because who cares, everything is so dirt cheap already, but it does appear to rhyme indeed!
All the best