I was a tad premature last week when I thought gold’s decline was over, however the recent pullback appears constructive and gold looks poised to rise again after a successful retest of previous resistance. December is traditionally bullish for gold and could fuels it’s move higher as well. Gold is really difficult to trade as a momentum instrument and the best time to pick up shares is after a sell off. I don’t know if it’s because the gold market is so manipulated or what, but it seems like it’s quick to correct and quick to bounce.

Some strong gold stocks are: ABX AEM AU EGO KGC IAG

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Silver is lagging gold right now, but could easily play catch up if it breaks out of it’s own triangle. Personally I like silver at these levels but will probably hold off buying any until it breaks out of this pattern.

Silver stocks: CDE HL PAAS SLW SSRI

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