Now that gold has rallied ten trading days from the March 24th bottom and the Silver/Gold ratio has turned we would anticipate a short pause of four to nine trading days before staging the advance into new highs. I prices top right here ($1152) then a test of $1125 would present an attractive buying level. If there is a pop in the next day or two into the key resistance level around $1182 then the correction should be limited to $1140.
The junior miners ETFs (GDXJ & ZJG.TO) continue to do well. Any 50% correction of the rally from the March 25th low could be bought.
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