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Gold was extremely overbought in the spring & due for a rest. It has corrected bullishly but is far from its 200-day moving average.   Meanwhile, breadth indicators in gold stocks are flashing some warning signs.   Let’s dig into both.   We start with the quarterly chart of Gold.   It’s not the end … Continue reading

We last wrote two months ago that Gold would undergo a correction that could set up an accelerated leg higher.   Gold has held up very well over the past few months, consolidating in a bullish manner.   The consolidation may need to continue for another month or two. The longer it consolidates, the … Continue reading