In a bull market corrections can end quickly. One minute you are projecting another 5-10% downside and the next, the market has left lower prices in the dust.
Gold has closed above $1,230 per oz. and indicating that a bottom is in or that one is close at hand. The trend has turned neutral from negative thus giving gold a much-needed boost to potentially test the $1,350 ranges.
The precious metals market isn’t really all about metals. Mining stocks, a significant part of the market, are of very much interest to gold and silver investors.
