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Gold & Silver Soar, Miners Test

From goldpriceforecast.com

Gold’s up, yet miners pause after an initial move up and reverse on an intraday basis. Once again. {charts} Gold price clearly moved higher today, and while miners and silver moved higher as well, mining stocks failed to move to new highs. It’s all happening while the USD Index is reaching its highest values since mid-August. {charts} The rally is not yet obvious to most, even though the technical signs are clear. Consequently, my previous comments on the situation remains up-to-date: {charts} We saw a daily reversal, which happened on big volume, and it all took place at the vertex of the lines creating the previous ... (full story)

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  • Category: Technical Analysis