Gold & Silver Bullish Technical Pattern Emerges on Dollar Weakness
- We are in a euphoric phase near the end of a bull market. Only a few leaders are holding up the market. Lagging Dow Jones and industrials indicate weakness.
- Put/call ratio is at levels even greater than 2018 when the market dropped 20% and in 2007 at the bull market top.
- Short term bearish on gold and silver with gold potentially hitting support at $1810 and silver $22.
- The US Dollar has hit support and we see a bear market bounce that is coinciding with a short term correction in gold and silver.
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