Markets have been very strong and have a solid low now in place but they do need a little rest since they have come so far so fast and are now overbought.
I’ve already identified the leading sectors for member and the stocks within which do best are also well known to us already.
It is almost time to get heavy into stocks once again for the run into the end of the year.
As for the metals, they are broken and can’t even base after a strong move lower.
The metals are just about ready to head south once again though so let’s take a look at how they failed this past week.
Gold ended the week down a solid 5.71% after giving the perma-bulls a glimmer of hope.
Gold was moving pretty well mid-week and looked like it may take over from silver as the leader between the two.
The problem was, silver was not confirming the strength and was actually still quite weak.
This post was published at GoldSeek on 27 October 2014.
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