The monthly charts show a positive divergence for the gold stocks. The Gold stocks held above their 20-month moving average in recent months while Gold did not and remains below it.
The monthly charts show a positive divergence for the gold stocks. The Gold stocks held above their 20-month moving average in recent months while Gold did not and remains below it. Gold stocks are also well above their spring 2016 lows when Gold was trading $30/oz higher. We see two scenarios going forward.
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