by ETF Daily News
Jay Taylor Media
From Jordan Roy-Byrne: Gold’s recent strength versus foreign currencies is a signal that the precious metal will continue to gain steam as we progress through the second half of the year.
It is the dog days of summer. The metals are trading below their recent highs while the miners continue to be on the cusp of their next leg higher. In any event we remain bullish as we expect the next big move to be higher not lower. One reason, among many is Gold remains strong against foreign currencies and that often is a leading indicator for the sector at large. This is something we track often and we wanted to provide an update during the slowest period of the year.