S&P and precious metals outlook

Last year ended in a rather odd way: it seems that the bounce-back effect of the stock market faded away and, as a result, the S&P500 and the DOW ended almost flat for the year, albeit on the negative side. The precious metals plunged in December below the 200 daily moving average, which has been a support level since 2008, a rather bearish move, and since unsuccessfully tested the 200 EMA once. The picture is still blurry, but this Friday closing prices should provide a better image.

Are Gold and Silver still alpha investments ?

After the recent slump in precious metals, with gold falling from its all time high of $1920 to $1532, an almost 21% percent drop in less than a week there is a growing concern that the 11 years precious metals bull market is coming a close. Silver looks like it has been drop-kicked twice and there is significant chart damage in the upward trend. Investors are beginning to wonder if this is the sign of a market top.