We just saw a breakdown in the precious metals market (on Tuesday). Will it be called “the breakdown” in a few weeks when we will be looking back at this move? There are many reasons (including several very important ones) that tell us that yesterday's session was very significant and that's why we decided to focus on it once again and re-examine it also in light of yesterday's price-volume developments in gold and mining stocks as well as given the move in the USD Index.

How much will it affect your portfolio? Read today's alert and find out. There's a lot to examine and all of it is important. The signs from the XAU Index, the decline in the HUI, the breakdown in the GDX (they all provide important signals - surprisingly - not the same signal!), the lack (!) of a real breakdown in silver and the small move lower in the USD Index. Today's alert (along with the previous one) could easily be one of the most important that we've posted so far this year.

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We just saw a breakdown in the precious metals market. Will it be called “the breakdown” in a few weeks when we will be looking back at this move? There are many reasons (including several very important ones) that tell us that yesterday's session was very significant. How much will it affect your portfolio? Read today's alert and find out. There's a lot to examine and all of it is important. The signs from the XAU Index, the decline in the HUI, the breakdown in the GDX (they all provide important signals - surprisingly - that's not the same signal!), the lack (!) of a real breakdown in silver and the small move lower in the USD Index. Today's alert could easily be one of the most important that we've posted so far this year.

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The history repeated itself once again – gold just attempted to move higher but failed to ignite anything more than a small daily rally. There are some developments that can explain the metals' lack of willingness to decline despite the U.S. dollar's rally. One of them is related to the USD Index itself and the second one to the silver market. Taking them into account makes the situation more predictable. We provide details in today's alert.

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The history repeats itself and we have just seen another example confirming this statement. Gold once again moved higher initially but failed to hold its gains even until the end of the session. This made yesterday’s session very similar to May 19. The intra-day high was once again lower.

There is a sign, however, that suggests that the days of this lengthy consolidation are coming on an end. In today's alert we discuss its implications.

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Not much changed yesterday as far as the closing prices are concerned, but the intra-day action in the GLD ETF correctly caught the attention of many investors and traders. We saw a daily reversal on huge volume, which often marks important bottoms. Have we just seen one in gold?

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