Gold’s Momentum And Underperforming Gold Miners – Is A Breakout Rally Imminent?
Image Source: Pixabay
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
More By This Author:
Thoughts On Gold Breaking $2000
Is The Stock Market Setting Up For A 2008 Style Crater?
Di-Worse-Ification: The Problem With Spreading Your Portfolio Too Thin
If you want to know where the market is headed each day and week, well in advance then be sure to join my Pre-Market Video Forecasting service which is more
Thanks Chris - was having the same thoughts myselt - it does look confusing and suggests caution at the moment.