Gold Seasonal Rally Begins Today

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Another great sign of overall metals market health is the CDNX.

Not every gold bug is comfortable owning junior miners, but everyone should keep a watchful eye on the price action of the CDNX venture stocks index!

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This GOAU ETF has an inverse H&S pattern in play. 

The neckline is a bit droopy, but the current reaction is “long in the tooth”. 

Given the incredibly positive gold market weekly support, resistance, and seasonal charts, that neckline is not a concern.

Simply put, a blast above $20.49 for GOAU looks imminent, and the price action of the CDNX index indicates that 2021 should bring lots of golden fun!  

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