Will The Markets Follow Seasonality Or Break Away From The Norm
“Sell in May and go away.” Craig Hemke from Sprott Money and I discuss whether there is any truth to this common seasonality saying or whether the indexes and precious metals will continue to hit new highs, keeping traders glued to their seats.
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Our discussion covered the following topics and questions:
- Starting with the US equity markets, how is it possible that after yet another correction, the S&P is still reaching new all-time highs?
- How does a technical analyst come up with price targets during a stong market trend upward?
- Looking at the gold chart, where does Fibonacci indicate the price may go next?
- Some mining shares have recently doubled. Looking at GDX, what do you see, and where are we going?
- SILJ is moving through a space of support and resistance. Can it break out of the range?
- Silver itself is screaming to life. Where are the next targets?
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Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the interview date but may not be accurate in the future.