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Gold Reversal Begins Today

Friday, November 25, 2016 9:22
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(Before It's News)

Source: What Is That Whistling Sound

My proprietary mechanical system is showing the first signs today that the downtrend in gold and precious metal stocks may be reversing.

The stock market as a whole is very stretched after such a fast rally, while the bond market is extended the opposite direction as US 10 year bond yields have risen 40% (from 1.7 to 2.4%) in only two weeks.

With the Italian constitutional referendum approaching on December 4 and the time of seasonal strength beginning in precious metals, we could be in for a strong rally for some time.

One stock I like at this time is Franco Nevada with a minimum target of $84.00

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