Silver, which has been the sector leader, tested major resistance at $22 on Friday. How Silver performs and fares against that resistance could be an indicator for the entire sector.
Gold and gold stocks have a bit more upside before reaching resistance at their 200-day moving averages. GDX and GDXJ have 6% upside and Gold has upside to $1800-$1810.
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.