Gold
I am still not convinced in Gold’s rally since it was not supported to full extent by miners yesterday. I would like to see senior gold miners GDX to recover last week’s decline in the first place…
Rashad
I am still not convinced in Gold’s rally since it was not supported to full extent by miners yesterday. I would like to see senior gold miners GDX to recover last week’s decline in the first place…
Rashad
If he is “not convinced” about the rally’s sustainability from here, that is understandable. No one can question the fact that gold is at ATH with a 40%+ gain from a year ago despite the miners not confirming. That aspect of the miners confirming, while a positive when it occurs, has pretty much been tossed into the dust bin of history. The miners will kick in eventually, but trying to use that old chestnut to confirm gold’s bull market would have had you on the sidelines. Back in the day when US citizens couldn’t legally own bullion, the miners was how you participated and the correlation was almost 100%. Much less so today.
Good Points CM
The average investor doesn’t accept that a bull market is in existence until it is 80% over.