sábado, 7 de diciembre de 2013

Mining Stocks Suggest Further Declines


By  Przemyslaw Radomski, CFA | Wed, Dec 4, 2013


$XAU Gold & Silver Index - Philadelphia INDX






$HUI:$GOLD Gold Bugs Index - NYSE Arca/Gold - Spot Price (EOD) INDX/CME


Summing up, the medium-term trend remains down, the decline is quite likely to accelerate shortly and the outlook for the mining stocks sector is very bearish. It seems that practically all markets - gold, silver, main stock indices - are going down right now (except for crude oil, where we just saw a major breakout on huge volume) and mining stocks are declining along with them. Actually, they are leading the way.
Thank you for reading.




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