Gold’s Momentum And Underperforming Gold Miners – Is A Breakout Rally Imminent?

By Chris Vermeulen of The Technical Traders

Technical Trader, Market Forecaster, and Author • Mar 27, 2023 at 8:37 PM EDT

A discussion of the recent momentum in gold prices and the underperformance of gold miners. Gold is trading near its highs, while gold miners are still down by around 30%.

Gold, Bars, Wealth, Finance, Gold Bars, Deposit

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In the video, I discuss the recent momentum in gold prices and the underperformance of gold miners. Gold is trading near its highs, while gold miners are still down by around 30%. The mismatch in performance between gold and gold miners raises concerns and suggests caution, as it may indicate a temporary rise in gold prices. Gold miners may not catch up with gold prices until the stock market experiences a sustained rally. The current situation in the gold market remains convoluted and confusing, and the next major super cycle rally may not happen until later this year or next year. If you didn’t see PART 1 of this video, watch it here.

Video Length: 00:02:59

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