On Thursday, the HUI index just broke below the December 2016 lows (in terms of daily closing prices), but it reversed on Friday and closed the week back above this important support. Invalidations are often more important than breakdowns, so did Friday’s action just tell us that we’re going to see a major reversal?

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The HUI index just broke below the December 2016 lows (in terms of daily closing prices) and our subscribers’ profits increased once again. Want to profit with us?

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GLD and GDX moved to new yearly lows in terms of the daily closing prices. How much does it change from the trading point of view and how much should one change if they don't trade, but invest in this promising sector? You'll find details in today's Gold & Silver Trading Alert.

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Mining stocks rallied yesterday and erased two days of declines and then rallied some more. But it only lasted for a few hours, after which the entire rally was gone, with almost no trace - just like in a magic trick. The accompanying volume was low, so it was not a classic reversal. If it wasn't, then what should one make of this session? Will PMs rally based on this early sign of strength?

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Not much happened in the precious metals market at first sight, but this time the first look is misleading. Just because not much happened, it doesn’t mean that nothing changed. Conversely, we saw new signals that were important enough for us to change our current trading position. But it’s not something you’ll read about in the popular financial media.

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