Looking Cautiously at a Reversal

 We are once again at an extreme low on the Bullish Percent Gold Miners Index. There have been four prior reversals when the index got down to lower levels. We can see, however, that each rebound was weaker than the previous on a dollar-to-dollar basis, so there isn't much to get excited about just yet.

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 Most precious metal stocks produced an "inside day," candle, which often heralds a reversal at the end of upward or downward trends. Coupled with a bullish wedge on the OBV chart, the conditions look favourable for a rebound here, but not the kind of set-up one should consider betting the ranch.

Always perform your own due diligence. These are only my opinions.