Why could September be fateful for the precious metals complex? First, consider its history within the current secular bull market. The years 2005, 2007, 2009 and 2010 have seen very important breakouts in either or both gold and gold stocks in the month of September.
There is also an obvious change of character in the trading of the miners. Currently, Gold and more so the gold miners are consolidating their recent gains just below very important resistance. They are digesting huge gains in a bullish fashion. If this breakout occurs in September then it truly will be old Turkey time.
See full story on resourceinvestor.com
Photo courtesy of resourceinvestor.com