Last week gold declined almost $40 and moved back into the declining trend channel (with a weekly close within the channel). At the same time, the USD Index moved higher by only 0.22%, so gold clearly underperformed. Is this enough for one to expect much lower gold prices in the following weeks?

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The USD Index declined yesterday and it more than cancelled this week’s rally. What does this imply and what are the implications for the precious metals sector?

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Gold mining stocks moved yesterday, erasing part of Tuesday’s gains, however, they still ended the session below their 2015 high. Can we view yesterday’s action as a bullish sign?

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Much happened in the precious metals market yesterday, but the most important thing happened in gold stocks. The HUI Index just invalidated the previous breakout above the 2015 high, by closing well below it. What are the implications?

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Gold & Silver Trading Alert #3

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