Copper $ 5.51 / lb 1.52%

Brent Crude Oil $ 60.47 / bbl 1.17%

Palladium $ 1786.9 / ozt 0.50%

Crude Oil $ 56.52 / bbl 1.11%

Natural Gas $ 3.984 / Btu 1.07%

Silver Futures $ 67.489 / ozt 3.17%

Aluminum Futures $ 2967.5 / ton 1.62%

Micro Gold Futures $ 4418.8 / ozt 1.25%

Micro Silver Futures $ 67.405 / ozt 3.03%

Platinum $ 2018.6 / ozt 3.35%

Gold Futures $ 4387.3 / ozt 0.54%

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Precious metals short-term outlook is bullish

Minyanville | August 6, 2012 | 1:51 pm Precious Metals Gold

Back in April my firm was a bit presumptuous, believing the gold stocks would soon bottom. The ongoing correction was a water-torture decline that avoided capitulation. Finally, in the middle of May we were confident that a major bottom was at hand (see…