Very interesting article showing charts of three large silver stocks have rallied to 2012 highs.
The article suggests there are bullish implications for the likely direction of silver and that in itself would suggest the likely direction for gold.
I was quite surprised by the strength of these silver stocks.
They have barely corrected over these last few weeks with the first on its 2012 highs.
The HUI (gold stock index) is not doing too badly either.
Makes me think ABU’s correction from the mid 6 high may have gone far enough and this recent support around 5-5.1 will hold.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/30_Richard_Russell_-_Big_News_For_Silver_%26_Frankenstorm_In_Stocks.html
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