Last April, while discussing the boomerang question about the trigger that is needed for gold to decline, we emphasized that gold can decline on... absolutely nothing. It's imperative to keep watching the signs and determine when the market is really ready to move. There's a lot of calculations, trading techniques etc. behind all that, but it does all really come down to it. Now, there are many definitions of "nothing", but surprisingly none of them mentions "0.09 move in the USD Index". That's something that should to be updated and we're waiting for the Merriam-Webster editors' reply to our request. Seriously though, USD's meager rally was really next to nothing and both: gold and gold stocks declined and broke below their support lines nonetheless, just like we've been expecting them to. And that happened shortly after they both failed to rally substantially on the Fed's dovish shocker. Before gold declined a few days ago, we wrote that the easy part of the rally was over, and that it might be a good idea to close all the remaining long positions. The good news is that the easy part of the decline has just begun.

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Gold has bounced off its daily lows yesterday. Neither silver has been at its weakest. Have we seen some kind of a short-term bottom? A look at gold miners and USD Index tells us all we need to know. These valuable clues are serving as a fitting answer. What has changed, actually?

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Friday's session may seem boring, but only to those, who don't know where to look. Friday was the day. The day we have seen the missing piece of the puzzle. The piece that we've been waiting to see for many days. It's here and it fits perfectly.

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Gold declined and silver plunged. Gold to silver ratio temporarily spiked to 88. And you know that it's not shocking or surprising - it's all unwinding just like it was likely to. Applying the techniques that successfully detected the recent corrective upswing and its end, to what we have right now, provides us with price and time targets for the next bottom. It might even be a buying opportunity.

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Gold and silver moved higher yesterday, but we definitely can't say the same thing about the mining stocks. After the initial rally, the buying power dried up and miners declined. Silver and gold are also declining in today's pre-market trading. These moves in miners and metals may be small, but their implications are huge.

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