Melman on Gold & Silver
December 2015 by Leonard MelmanMany observers have questioned why the precious metals have not enjoyed strong rallies despite a growing number of positive indicators.
Although there is no direct connection between the price of lumber and the precious metals, there is an important indirect one due to the importance of the housing market to overall economic activity.
Perhaps the most important phase of our chart analysis work is to find indicators that have proven reliable in the past in terms of providing indications of future market direction. One of our favorites is the “Bank Index,” better known by its trading symbol, BKX.
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