You have heard it before from us and probably elsewhere. The miners lead Gold.
We have seen this every major turn dating back 16 years and it can also be
the case with respect to short and medium term trends. While the precious metals
sector has rallied over the past few weeks, the rally has been weak and the
gold stocks relative weakness in recent days bodes negatively for the sector.
Consider the daily chart (below) and the overall performance from this past
week. Gold gained $9/oz o