The strength in gold stocks was not a one-day event. Despite the daily reversal that we saw during last week, gold miners managed to close the week at a new monthly high. In fact, Friday’s close was the highest close in the GDX ETF in 2 months. The HUI to gold ratio increased significantly in the last few days as well. The strength in mining stocks seems to be indicating that the rally in the entire precious metals sector is only beginning. What’s next?

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In the last few alerts, we thoroughly discussed the situation in the precious metals market, explaining the likelihood of seeing reversals, and pointing to confirmations of such reversals, once they have indeed taken place. But, one of the factors that confirmed the bearish picture was the weakness in mining stocks. The latter just refused to close below Tuesday's closing price, even though gold and silver did. Is this strength telling us something? You'll find details in today's Alert.

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Yesterday’s session was very surprising to many gold investors. Why did it rally so much? Why did it decline before the end of the session? Why did we see a huge reversal all of the sudden? But not our subscribers. By reading our analyses, you had already known that this was the reversal week, so all that happened yesterday was quite normal. What’s next?

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We received quite a few interesting questions from our subscribers recently, so today’s alert will take the form of a bigger Q&A panel. We’ll start with the question that nobody has asked yet, but addressing which should be particularly informative. “OK guys, we were supposed to have a decline in the precious metals market and instead we saw a move higher in gold and silver – what’s going on?”

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