Turning point?

It has been nine months since the correction in gold and silver got under way. Gold and silver miners were especially hard hit. There is evidence that this correction is coming to an end. In fact, I have predicted that gold will hit a new high at the end of May. I will present the evidence.

The first two figures represent the graph of gold and silver. A reverse head and shoulder formation is evident for both metals. The next three graphs are the three ETFs that track the miners. All three ETFs show an uptick yesterday when gold was falling.

The final two graphs show the price of a silver miner in Mexico. The last slide shows a reverse head and shoulder and the slide before it shows yesterday's uptick.

The investing public has thrown in the towel this week in time for the big boys to start buying.