These are the occasions to buy on the cheap. CDE and other miners heavily oversold.
Did gold make a lower low? No. Did Silver make a lower low? No. Did the Nasdaq just top? Who knows. Did the Nikkei just top? Who knows.
If it weren't for the cold weather, the bulls would already have been released from the stables and be running into the meadows.
By the way: which upchannel. There are various upchannels. Only the steepest has broken, which is not strange, considering the fact that gold has been going down for 6 weeks since mid-January.
ISIS just attacked Iraqi pipelines and also in Jemen pipelines were attacked. Are we entering a new phase of higher oil prices?