In the previous analyses, we wrote about the underperformance in mining stocks compared to gold’s price movement. Last Friday, we saw exactly the opposite. Gold moved lower, while mining stocks ended the session in the green. Since miners’ weakness indicated lower prices for many days, should Friday’s strength be viewed as an indication that the bottom is in and that the prices are going higher shortly?

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The GLD ETF sometimes provides us with extra information over gold futures movements and this was the case once again yesterday. GLD moved higher in terms of the closing price, after declining on an intraday basis, thus creating a black candlestick. What does it imply and how can we profit on it?

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When gold soars or plunges in terms of the US dollar, everyone is aware of it. When silver does the same, most investors are also paying attention. But, when we move into the realm of other currencies and something important happens on one of the PM-related ratios, almost nobody knows that it happened. Well, important things are happening behind the curtains and we’ll make sure that you’re aware of them and positioned accordingly.

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Just a few months ago silver was trading above $17 and many investors and analysts were convinced that the white metal was about to rally once again after several months of consolidation. We warned you that it wasn’t likely. We painted a very bearish picture for the silver prices and we were laughed at for saying that the white metal could even decline below $10.

Silver is almost halfway there and those who thought that the December 2015 price lows were the final bottom, are likely to be very surprised. Don't be. Be prepared.

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There were only a few analyses that we started with a quote, and there were even fewer that we began by quoting a song. It may even be the first one ever.

I am the storm and I am the wonder
And the flashlights, nightmares
And sudden explosions

-    Royksopp, “What Else Is There”

And you will have all the above in September. At least if you’re going to pay attention to gold, silver and mining stocks.

We warned that the key factors had been in place for a long time and those who were willing to listen, have already positioned themselves accordingly. The multiple bearish confirmations, like the steady rise in the gold to silver ratio and the underperformance of mining stocks, have been repeated over and over again. And it looks like PMs are ready to take the main dive. Yes gold will very likely soar to new highs, but not before an epic decline. Are you prepared?

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