Gold and gold mining stocks have been very oversold but have struggled to
rally. The sector looked to be starting a rebound until Friday's decline which
pushed Gold to a new low. However, positive divergences remain in place as
gold stocks and Silver remain above their recent lows. While the Federal Reserve
could say something hawkish next week, the setup continues to favor a rebound
in the precious metals sector rather than an immediate decline to new lows.
The monthly chart of Gold i
