RGLD
An example of what I posted earlier today. RGLD has been the BEST canary for gold and gold stocks for years. My mistake in jumping the gun recently on calling the bottom was not listening to RGLD. It’s chart was horrible until last week. It gapped open this morning but filled the gap. I am not saying to buy this, it is high priced and I would use options if I wanted to play it. But my point is, this is and has been a leader. If you believe gold is going higher this is probably going to as well and unless the canary dies, it will continue to tell you ahead of time what is likely to happen.
Thanks very nice. Right about the options
I track almost exclusively ETFs on my main (daily use) system.
But have ‘weekend review’ systems for stocks, and two more for miners for ‘background reading’
But I agree on RGLD being important, so its included in my main daily ETF system. FNV and WPM also. The major royalties.
And I’m still sticking with my thesis that we’ll see the lows later this month.
RGLD has the same “not there yet” signature as GDX.
Could be wrong … close call for me here. I don’t trust overnight gap moves and especially when several days into a move like here.