Gold and gold stocks declined yesterday, but silver hesitated. Does this, plus the fact that gold is up so far in today's pre-market trading indicate a short-term bottom? Or is the picture even on the verge of turning bullish? Not at all. Let's take a look at the chart below for details. Gold close - and thus broke - below the $1,500 level yesterday. The breakdown was small - less than $1, so the move is definitely not confirmed. At the same time, gold moved to the rising support line but failed to close below it. This support is likely to trigger a rebound and that's what we're seeing in today's trading. So far gold ... (full story)