MAY 21 GOLD MARKET ALERT
Yesterday we wrote that "[in 1976] there was a pullback in gold before it moved below the initial low. We could see this type of action shortly. If silver and mining stocks consolidate below their previous lows it will simply serve as a confirmation of the breakdown and an indication of further declines." We didn't have to wait long for the pullback to be seen. Gold, silver and mining stocks moved higher yesterday.
Silver's intra-day price action appears particularly encouraging as it moved almost to $20 (below its 2008 high) only to climb back up later. Is the decline over based on that day? Should you "back up the truck" with gold and silver yet? What about mining stocks?
Log in or sign up for the free trial of our Premium Service to read today's Market Alert with our replies to the above questions.
Gold & silver trading
Trends that move before the market, overlooked by the masses. Clear buy & sell signals for gold & silver traders.
Analyze chartsGold investment tools
More than just a standard set of tools. Tools that set a new standard for gold investment.
Explore toolsFeatured Video
In the coming days, weeks and months some markets will influence the price of gold more than the others. What will have the most influence? What will have none? The stock market, U.S. dollar, mining stocks? This video is intended to educate you on how to see the big picture, and take the most out of these correlations.
Keywords: market correlation, correlation matrix,
gold dollar correlation
Readings
-
Gold & Silver Portfolio Structure
September 19, 2012, 11:23 AM -
Premium Update
August 31, 2012, 11:00 AM -
Gold Speculation Can Be Profitable When Positions Are Small
May 16, 2012, 6:24 PM -
Gold Information Is Power
May 16, 2012, 4:55 PM -
Which Indicator From the Charts Section is Most Useful for Me?
September 18, 2010, 12:00 PM -
PREMIUM UPDATE
December 30, 2009, 12:00 PM
free newsletter + 7 days trial
Gold Trading Signals
Gold is at $1,405. Is this a turning point? You could wait for a few days and know for sure -- but it might be a few days too late... Try Sunshine Profits Indicators. Spot early signs of upcoming changes on the market.
No credit card required
Premium Updates
More- Status
Market Alert
May 21, 2013, 7:57 AM - Status
Market Alert
May 20, 2013, 11:33 AM - Status
Premium Update
May 17, 2013, 8:14 AM
Recent articles
More- May 21, 2013, 9:08 AM Important Breakout in the Dow to Gold Ratio and Its Implications for Gold
- May 17, 2013, 10:45 AM Bullish Picture for the USD and Stocks and Its Implications for Gold and Silver
- May 14, 2013, 12:48 PM Is Crude Oil Ready For A Breakout And Would It Help Gold?