Wednesday, June 18, 2014

Gold Update: Will Gold follow GDX?

Gold is still inside a falling wedge although miners (GDX) seem to break out from a similar falling wedge.Is it a false break out or will Gold join GDX to the upside soon?

Regarding relative performance between Gold and miners, as the following chart shows miners might be ready(or almost ready) to perform better than gold (possibly by leading a substantial rally of precious metals sector)