If you think you'd already seen price-volume action in gold similar to what happened in the last 2 trading days, then you're probably right. Something like that has already happened and it was followed by a visible move in the case of gold - it seems that an analogous price action will follow also at this time.

Additionally, the cyclical turning point in the USD Index is here and it used to work for the precious metals market just as it did for the U.S. currency. To be precise, there was a slight difference in how they reacted in April and May and it can tell us something about the next moves in gold, silver and mining stocks. The most important factors that need to be taken into account, however, are: the pace of the decline in gold stocks, gold:silver ratio's moves, juniors performance relative to other stocks, gold's presence in the mass media, and other issues. This summer is not the time to neglect paying attention to the precious metals market. We think this summer might be one of the most important summers of this bull market.

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Gold finally moved higher yesterday. No wonder, the cyclical turning point in the USD Index is here and it used to work for the precious metals market just as it did for the U.S. currency. To be precise, there was a slight difference in how they reacted in April and May and it can tell us something about the next moves in gold, silver and mining stocks. The most important factors that need to be taken into account, however, are: the pace of the decline in gold stocks, gold:silver ratio's moves, juniors performance relative to other stocks, gold's presence in the mass media, and other issues. This summer is not the time to neglect paying attention to the precious metals market. We think this summer might be one of the most important summers of this bull market.

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The USD Index continued it's rally while gold continued it's downswing - it moved lower once again. Mining stocks refused to move below the previous lows - is this REALLY a bullish sign?

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Gold, silver and mining stocks didn’t move much on Friday (if we focus on the daily closing prices), and the same is the case for the USD Index, but the “little” things that happened between them and the weekly closes make this session very significant. Gold reversed on Friday and miners showed strength, but we also saw a weekly close in silver at the lowest level since mid-2010! There is a lot to comment on, and today's alert is loaded with useful, practical information. We provide detailed explanation for our medium-term outlook for gold stocks, we write when we think then next major turnaround in gold is likely to take place, and we discuss the epic event that took place in the junior sector last week. As always, we provide clear suggestions regarding trading positions. The market just provided a lot of information - take advantage of it with us.

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Metals and miners paused yesterday, but it doesn’t mean that all that was likely to happen, has already happened. No market can move in a straight line, be that up or down... However, the daily move which brought miners back up, combined with gold going down, might be viewed as a clear reversal sign. Is it?

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