Gold, silver, and the mining stocks got hit again this week on really no news (and little volume). The market can't decide whether recent Fed-speak is bullish or bearish..
The metals and miners continued to trade in a tight range through the first three days of the week, after which both gold and silver and the mining stocks broke down...
The bottom line is gold stocks are due for massive mean reversions after this past summer’s anomalous extreme gold-futures-selling episodes. That bashed gold stocks to deeply-oversold levels technically, which spawned super-bearish sentiment.
