Video: Gold & Gold Stocks Rebound as Stock Market Breaks 40-Month MA
Last week the S&P 500 broke what I consider the most critical moving average, which is often a signal for secular trends. Although the S&P broke that average and fell to a new low, Gold rebounded and GDX and GDXJ gained 7.5% and 9%. The question is if Gold and gold stocks can continue this rally in the face of a potential plunge in the broader market.
