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Gold has been hit, though gold stocks have held up. July 27-September 25 is gold's seasonality. He likes AEM, because it's had a consolidation (following a downdraft earlier this year) and gold is entering seaonality, This should do well.

precious metals
COMMENT

Use moving averages to determine bounces and lines of support? It's one factor. Looking at 50- and 200-day moving averages, you get into golden and death crosses, but these happen over too long of a timeframe for him to look at. Instead, he looks at 10- and 20-day moving averages to establish a trade. That said, the 200-day is important, because many investors feel it is and they will sell. It's impossible to follow just one moving average because an investor will get whipsawed all over the place. You need another factor to decide whether to get in or out.

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