Precious metals rallied this week due to technical trading and a weaker dollar. If the dollar continues to weaken we may see gold above $1350 but we do not see a bullish trend yet.
Many investors are still standing on the side lines when it comes to gold and their support is needed to steady prices. It looks as though this coming week may be busy for profit takers.
We continue to believe gold will move back and forth not seeing real stabilization throughout November and December 2013.