In yesterday’s analysis, I wrote that mining stocks’ rally was likely temporary. Indeed, they already moved back below our entry point for the current short position. This happened even though the general stock market moved slightly higher. What’s next? Gold made a few attempts to move above the all-important $2,000 level and the rising resistance lines, and it failed all of them. The strong short-term momentum is gone, just as the fear of the unknown regarding the situation in the Middle East. To clarify – the situation remains unclear and critical, but the fear/concern already peaked (based on Google Trends data). ... (full story)