The head-and-shoulders pattern is about to be completed in gold and it was already completed in case of mining stocks. What does this divergence mean? Is it better to stay in the sidelines or is this the final change to go short? Today's Market Alert provides a reply to this very timely question.

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Market Alert sent on September 25th, 2013

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In our latest free essay you read that "despite Wednesday’s strength, the downward trend in gold remains in place". The price moved according to the trend - lower. In case of the mining stocks and gold, the head-and-shoulders formation is underway, which might be completed shortly. Will it be too late to short the market after gold and miners move above the "neck" level or is it prudent to wait for this type of confirmation? Today's Market Alert provides a reply to this very timely question.

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Gold ended the previous week more or less where it had started it, even though the intra-day volatility was significant. Based on the long-term resistance lines, the outlook remains bearish for the medium term but quite unclear for the short-term. From the non-USD perspective, gold moved below the rising short-term rising support line and thus we have a confirmation for the bearish outlook. Silver has actually declined last week by $0.36 / 1.61% even though it rallied so strongly right after Fed's no-tapering comments. What's next? Will we get another move up before metals plunge or is it already a good idea to be shorting gold, silver and/or mining stocks?

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Market Alert sent on September 20th, 2013

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