Thursday, December 5, 2013

A Golden Dawn for the Precious Metals and Miners?.... Probably, But When?

You probably have already heard much of the bull case laid out here for gold and the miners.... although talk of China's potential deal with Barrick is a new one. Still, I would urge being somewhat cautious despite my timing models holding in a buy zone. I may wait for a sign of strength (like what we saw in yesterday's trading with gold and miners rejecting lows on accelerated volume and exhibiting wider price spreads) or a turn in the risk model talked about here.

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