It now looks like gold’s correction is done and its intermediate base pattern is completing, and if so then we are at an excellent entry point for many better PM stocks, which have been savagely beaten down over the past several months – a necessary correction following their outsized runup earlier in the year.

On its 1-year chart we can see that gold’s corrective action from early July has brought it all the way back to its steadily rising 200-day moving average, a classic buy spot, where a potential intermediate base has formed.…continue reading HERE or click on chart for entire article with 7 large charts

…related, more gold & silver analysis:

Gold and Silver: Connecting The Dots