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Patrick Karim, technical analyst at Technical Traders Ltd, cautions that miners may not find another similarly low-risk, high-reward entry opportunity for some time.
Karim advises investors to focus on the charts and avoid market narratives often promoted by bullish influencers.
Karim previously provided an in-depth review of silver, examining previous corrections and outlining expectations for the current market. Earlier, he noted that copper has not started to outperform stocks, indicating a bull era for copper is yet to begin. His ongoing market commentary often centers on technical analysis of commodities.