Gold Stocks are Signaling the Next Big Move in Gold
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The gold stocks are leading Gold and signaling the next leg higher.
The GDX to Gold and GDXJ to Gold ratios are breaking out and approaching new 52-week highs. GDXJ to GDX ratio is in bull mode.
The GDX Advance Decline line broke to a new 52 week high last week for the first time in four years.
The miners are showing quite a bit of strength this week while Gold consolidates last weeks gains.
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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.
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