Mining stocks moved higher once again and they just closed at the levels that had not been seen for over a month. Does this rally – as in many other cases – indicate higher prices for the entire precious metals sector?

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The previous week, especially its final part, was quite rich in developments in the case of the currency market. The USD Index took a dive and we saw some strength in the precious metals market as well. How much changed? Is the USD just starting another major move lower and what would that mean for gold and silver investors?

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Yesterday’s price action in gold, silver and gold stocks was nothing to call home about – they moved higher rather insignificantly. However, there is one thing in the precious metals market that has just broken above a declining support line – silver stocks. What does it mean? Should one drop everything and buy them or is this a signal for the entire market? Or perhaps it’s not really a big deal after all?

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It was only yesterday that we warned that gold could invalidate Friday’s breakout just as it had invalidated its upswing in November 2016 and exactly the same thing happened during the session. Gold declined more during a single day than it had rallied in the past week and silver declined more during a single day than it had rallied in the past week. What changed and what’s next?

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While nothing happened during Thursday’s session last week and the session was extremely boring, Friday’s session was far from it. Gold and silver soared, while the USD Index closed at new lows. What are the implications for the following weeks and months?

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