Gold Short-Term Bottom? Trader Dan Norcini

Maybe…based on today’s price action in both the metal and in the mining shares ( HUI), but only short-term.
The shares were actually a bit more convincing than the actual metal, which is something one would like to see anyway if they are looking to be bullish.
The HUI opened lower, promptly fell apart but then began gradually climbing back up off the worst levels of the session as the day wore on. By the time of the close, they had managed to eke out a small gain.  (more)