Full Article: Is Gold Really Strong?
By: Przemyslaw Radomski
Silver and mining stocks declined for yet another day, but this time gold ended the session with a (slight, but still) gain. How can we interpret the latter? Is it a sign of strength?
In short, not at all. In yesterday’s, alert we emphasized that gold’s breakdown was one of the key developments that one should consider while analyzing the precious metals market. The tiny upswing that we saw in gold yesterday was a classic example of a post-breakout pause. Let’s take a closer look (charts courtesy of http://stockcharts.com).
Full Article: Is Gold Really Strong?
By: Przemyslaw Radomski
