Gold, silver and mining stocks invalidated last week’s breakdown and they have did so in a very profound way. Gold rallied over $40, silver rallied $1 and miners moved higher by more than 7%. If this was not exciting enough, the precious metals sector is declining significantly today in pre-market trading. Something seems to be very different about the metals’ and miners’ performance in the last several days when one compares it with the previous months. Was the final bottom just formed?

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Gold, silver and mining stocks ended the last week by plunging significantly and on huge volume. Naturally, this is a bearish sign, especially given the limited size of Friday’s rally in the USD Index. Is the next big slide in precious metals underway?

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Gold and mining stocks didn’t do much yesterday – they didn’t move above the previous November high. Silver, however, moved visibly higher and closed above the previous November high. Is silver leading other metals higher or is this a “short again” signal?

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Yesterday was a day when the precious metals market took a breather, but it’s not true that nothing changed at all. Friday’s breakout in platinum was invalidated. Is this a “short again” signal?

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