As anticipated in yesterday’s post, it looks like gold and silver have bottomed. It is tentative and not the explosive reversals I would have liked to see but this backing and filling can actually be better for the longer term. We are slowly getting the reversals in most markets. Whether they will hold and build out is yet to be seen. Yesterday or Monday someone asked about which major(s) was the best. I would have to say that if you are looking for the least risk at this very moment I would go in the following order: actual gold bullion, CEF, followed by NEM. Plenty of others will give you more upside but these have minimal downside at this point in time and at these specific levels.