Platinum has a brief but clear history as a leading indicator for Gold.

Gold stocks have to do more to confirm they are in a new bull market.

Gold as well as gold stocks appear to be basing for a potential rebound into the holiday season.

Gold stocks failed to breakout in the spring and then broke down to multi-year lows by September.

After a vicious selloff precious metals have stabilized. Its not a surprise given the breadth and sentiment extremes we noted and had predicted earlier.

Monday’s decline in the gold stocks has moved the sector into oversold territory, another day or two of a similar decline would likely put the various breadth indicators into extremely oversold territory.

Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz.

The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation.

Gold and gold stocks have remained below their 2016 peaks even in the face of a very weak US Dollar because the fundamentals are not there.

After a severe selloff, precious metals have enjoyed a bit of a respite.

The outlook for precious metals has changed quite a bit over the last month.

The decline in the US$ index in 2017 has been relentless. From a high of nearly 104 at the end of 2016, the US$ index has steadily declined to as low as 93.00.