Does gold’s most recent rally and the inflow of capital into silver change the fundamental outlook of the PMs? If so, what about equities? In short, yes, the U.S. dollar is down, thereby boosting gold. Yes, the recent massive interest in silver has everyone talking about getting in on the action. However, one must remember that markets don’t move in a straight line and countertrend rallies are expected along the way. Keep your eye on the ball. Now, let’s examine what exactly is happening. Gold moved higher once again yesterday (Feb. 9), but it reversed and declined before the closing bell. Miners declined as well. ... (full story)