While it is usually the case that gold, silver and mining stocks move in the same direction, but the USD Index moves in the opposite one, yesterday’s session was far from this pattern. The only asset that moved against the others was gold, while silver and miners moved lower along with the USD Index. What can we infer from this?

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Even though the USD Index has not done anything in the past few days, gold, silver and mining stocks are slowly moving higher. Are they showing us that the bottom was already formed?

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The back and forth movement continued yesterday in the case of metals and the USD Index (while miners showed strength by not declining along with gold). It seems that the markets are taking a breather before another volatile move. What kind of move will it be?

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During yesterday’s session gold, silver and mining stocks rallied significantly even though the USD Index was only modestly lower. Does this, along with the proximity of gold’s turning point, indicate that the bottom in the precious metals sector was just formed?

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The USD Index rallied on Friday and the precious metals market declined, but neither of them broke decisively above/below their respective resistance/support levels. The USD closed very close to the 95 level, while gold and mining stocks closed at their previous lows. What are the implications? Will gold rally from here?

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