Gold Correction May Have Reached Its Climax, Delving Into NRs From American Eagle Gold & Ridgeline Minerals
After tumbling more than $300/oz over the last week, the correction in gold may have reached its nadir overnight
I am cautiously optimistic that we may have just witnessed a tradable low in gold overnight. It will be important to see if gold can hold above ~$3,212 on a weekly closing basis. But so far, there is mounting evidence that Treasury Yields may have just peaked and miners could be poised for a bounce-back rally over the coming days.
Thursday morning video on the morning of May 15th, 2025 - potential tradable low in gold, senior gold producers poised to bounce off major support levels, and two NRs from junior explorers American Eagle Gold and Ridgeline Minerals.
Disclosure: Author owns AE.V NEM RDG.V at the time of publishing this video and may choose to buy or sell at any time without notice.
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