While there is a growing concern for a correction in Gold and gold stocks, the evidence is lacking. The GDX advance decline line signaled a breadth thrust for only the third time in the last 11 years. After the other two thrusts, GDX gained another 20% and 60%. A breadth thrust is a burst of extremely strong participation after a bear market, correction, or larger downtrend.
TheDailyGold.com and TheDailyGold Premium are not investment advice. The website, email newsletter and premium newsletter are intended only for informational, educational and research purposes only.
The information, facts, figures, data and analysis included in our publications are believed to be accurate, reliable and credible but nothing has been independently verified for its certainty. Also, facts, figures and data can change at any moment, thereby affecting past analysis and conclusions. The newsletter and website are not tailored to anyone’s financial situation and therefore do not, nor could they; take into account the needs, objectives and financial situation of its readers and subscribers. Readers are strongly encouraged to consult with a qualified financial advisor before making any financial decisions.
Comments
Log in or sign up to join the conversation.