After a vicious selloff precious metals have stabilized. Its not a surprise given the breadth and sentiment extremes we noted and had predicted earlier. Although recent gains have met some resistance, the immediate path of least resistance should be higher. Let’s take a look at the key support and resistance levels for the metals and the miners. Gold has retreated after hitting $1220/oz a few days ago. That was the first area of resistance for this rebound. The next resistance level would be aro
