This week we’ve seen a decent rally in gold silver and other precious metals and precious metals mining stocks sparked off probably by the fiscal cliff deal. As is the case with any strong rally there always comes a correction (or at least a consolidation) afterwards. The one that took place on Thursday was indeed of significant size but did not – in most cases – invalidate the rally. There were even cases that did not experience any correction at all such as platinum that held remarkably well. Gold stopped at 200-day moving average correcting around 72% of the ...