A Tale Of Two Markets Closely Interlinked

It's quite remarkable the TSX is as strong as it is over the last 6 months when you place it side by side with the commodity gold. Many miners make up the TSX and the fluctuations in the gold price effect the miners, but as the TSX soars, gold is making it's first steps toward ending it's bearish ways. Currently it's bumping up against a declining 68 moving avg, which back in Oct was strong resistance. If it can break through and get on the other side of these 2 moving averages, then that would go a long way to proving to me that gold is ready to shine again. *Note how the 68 Ema was strong support for the TSX back in December. I see this time and time again.

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