Will Gold & Silver Stocks Follow The General Stock Market?

Will Gold & Silver Stocks Follow The General Stock Market?

On Friday we wrote that the precious metals sector rallied strongly last week on the “fiscal cliff” issue “solution” and then experienced a significant correction on Thursday. The general stock market rallied as well but without such a dramatic plunge afterwards, which is clearly a bullish sign. Today, we’ll discuss the mining stocks sector and try to figure out whether this bullish outlook for stocks translates in any way into a bullish (technical) outlook for them as well. But before we move into this sector we’ll have a look at the general stock market, using S&P 500 Index as a proxy (charts courtesy by http://stockcharts.com.)

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