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Precious Metals Have Long-Term Bottomed

|Includes:SPDR Gold Trust ETF (GLD), SLV

I think precious metals (GLD, SLV, GDX, GDXJ, SIL) have bottomed. Precious metals mining stock indices have all hit major long-term, multi-year support at the same time, while US equities appear to be topping out, and other commodities and Asian equities seem to be bottoming.

Daily Gold Chart

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HUI Gold Miners Index

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XAU Gold Miners Index

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GDX Gold Miners ETF

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Stocks: GLD, SLV