Once again I refer you to the analysis of
Przemyslaw Radomski (of Sunshine Profits).
I continue to recommend his site for excellent analysis on precious metals. You can catch his essays on Kitco.com.
Source: Several Factors Suggest That The Bottom in Gold and Silver Is Near
In my last post on Gold, I said that the May- August period is historically a time when gold consolidates.
Equity markets are getting restless; maybe they have run up too far too fast. An equity market sell off could result in a sell off in precious metals.
Long term holders should hang in there, and I think that Mr Radomski's 'buy on dips' approach makes sense.