Opposing Forces At Play In Gold and Silver Precious Metals Complex

Ronald Stoeferle writes: Precious metals had a hard time in 2014. However, this year proved to be not as catastrophic as last year, as the gold price remained in the trading range which was established last year after the waterfall price declines.
The “good” news for gold bulls is that the bottom of the trading range has been tested a third time, in particular on November 10th 2014. Readers undoubtedly remember how the previous two tests took place in June 2013 and on the very last day of 2013.