The precious metals sector soared substantially last week, but started to decline before the week was over. It would look like a regular pause within a rally if it wasn’t for the important fact that the reversal took place when gold reached the very important resistance – its 300-day moving average. What are the implications?

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The precious metals sector paused after moving sharply higher and generating several new signals. These signals remain up-to-date. What are their implications?

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The precious metals sector moved sharply higher and generated several new signals. Their implications are very important - what do they tell us?

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Gold moved lower initially yesterday, but managed to close higher than it did on Monday. This seems bullish, unless one takes into account that miners refused to move higher yesterday. So, what exactly are the implications of yesterday’s session?

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Yesterday’s session was the exact opposite to what we had seen previously, when metals and miners rallied – mining stocks declined (and the HUI Index invalidated its breakout above the August high in terms of daily closing prices) even though gold closed higher. If it wasn’t enough, gold is moving lower today despite a move higher in the USD Index. It seems that the rally is over – but is it really the case?

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