| Just as we thought the momentum was all set to die down for the red-hot gold and silver ETF group, this past week saw a re-acceleration of buyers stampede their way back in and take precious metal ETFs to another monster week.
From a technical perspective, many of these ETFs are defying most logical trading approaches as defined by easing off buying ETFs that are trading 100% over its 200-day moving average, like is the case with the Proshares Ultra Gold Miners ETF foe example. Yet amazingly, the current batch of traders who are participating in the daily ups and downs of the precious metals move are showing little fear to what are obviously historically overbought signals...............................................Full Article: Source
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