By Warren Bevan, Gold Seek:

With markets showing they need some time I took last weekend off to go away and get some skiing in so my apologies to the many who’ve emailed wondering my thoughts on gold and silver this past week.

Markets remain choppy here with leading stocks needing time to setup better bases and charts, so cash remains a good position while we wait for the easy money to return.

Gold tried to breakout but failed and could be looking for some more downside now.

I’ve said all year and beyond that the slower gold moves up the better.

We are building lots of support levels as we slowly move off lows so I still think we have years to go before we see the blow-off acceleration so many are craving.

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