Gold, silver and mining stocks soared once again yesterday, but we saw some kind of reversal in them and it was particularly visible in mining stocks. Does this signal a reversal?

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Gold, silver and mining stocks soared last week and there are multiple voices saying that gold can only go up. However, no market can move in a straight line and the precious metals sector is no exception. Consequently, there are levels at which gold, silver and miners might top and reverse. What are these levels and, more importantly, what’s likely to happen after they are reached?

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Gold, silver and mining stocks rallied significantly this week and many investors claim that the final bottom is already behind us and that much higher prices are to be expected shortly. Is this really the case or will we see a reversal any day now?

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The precious metals market moved higher and the size of the volume that accompanied rallies in gold, silver and mining stocks were significant. The action seen in the USD Index was even more profound. Is the USD’s slide and gold’s rally just a start of much bigger moves?

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