Gold has declined to the 1,250 area and we have seen a large chunk of paper gold being sold within 1 minute on the CRIMEX. Are the precious metals ready to rumble or are the usual suspects still in control of the gold price? I honestly don't know.
The Edelson Institute put out a graph (I cited it in September) that shows gold bottoming in December and taking off in January. Is there any evidence that this may happen? I believe that there is and I will present it here.
Silver follows gold but the price swings in silver tend to be larger than the price swings in gold. And the miners (stocks of mining companies) move even faster than the price of silver. So, let's look at a couple of silver miners that are considered better than average.
Here are the prices of silver:
Some movement? Maybe.
So, look at a good silver miner stock GPL.
Some movement here.
And now look at FSM, one of the best silver miners:
Definite movement here. Some people think it is time to buy.
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