Wednesday, May 15, 2013

Silver's downtrend

Precious metals are continuing to exhibit weakness - I've shown  a current chart of silver showing the downtrend is alive and well. These price moves in this and similar commodities are having a knock-on effect on mining stocks. In particular, the major mining stocks in the UK are not showing any sign of starting an uptrend. In spite of this, the UK indices are continuing to making new highs.

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