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Message: Re: Markets

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Jan 24, 2015 07:59AM

Gold, silver and base metals too are set for major upturn this year, according to Elliott Wave analysts.

http://www.mineweb.com/elliott-wave-analyst-sees-much-higher-gold-silver-prices-ahead/

EXTRACT -

Copper did make headline news last week with prices plunging into a new 5-year low, but in doing so, key downside levels which Wavetrack forecast last year have now been tested towards $5575/tonne, perhaps with a little room to do a fraction more towards $5090 if needed. But the key message on the Elliott wave analysis charts is that base metals are hot on the tracks of the precious metals sector in confirming a reversal of trend

As go the industrial metals prices, so will go major diversified miner stocks.


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