How many times have we heard this one? The miners are lagging. It’s a sign that gold is topping.
The miners aren’t lagging, they are consolidating in an extremely bullish triangle continuation pattern.
I said in the Tuesday report that the miners would probably test the upper trend line this week and maybe even breakout. We may get that test as early as tomorrow.
Folks this is now moving into the momentum stage. During this phase of the C-wave we will see gold and silver grind higher day after day. It’s not unusual to see the metals rise at a 70 or even 80% clip (7-8 days out of 10 are up days) during the final two daily cycles up in the parabolic blow off top that always unfolds as a C-wave comes to an end.
The momentum phase is just now starting.