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Thursday, December 26, 2019

Gold and Gold Stocks Break Out


Vantage Point Trading https://ift.tt/2MqyL0H

On Dec. 23 gold broke out of a consolidation to the upside. This was confirmed on Dec. 24 when gold rallied 1% more. As of mid-day trading on Dec. 26 gold is up another 0.7%.
Silver took off to the upside one session sooner, on Dec. 20.
The GDX/GLD ratio, which measures the performance of gold miners versus the gold ETF, had a sharp turn on Dec. 23 and continued higher on Dec. 24 for…

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