by Pater Tenebrarum
Acting Man
Gold Sector Outperforms Broad Market
The gold sector is in an uptrend since September 2018. The initially rather labored move accelerated after a secondary low was established in May 2019 and the 50-day and 200-day moving averages were breached for the second time. Last week the two moving averages were once again overcome in the course of the post-crash rebound. Here is a chart showing the entire move since 2018:
[…] Since the September 2018 low, the gold sector is outperforming the broad market. As the HUI-SPX ratio shows, its outperformance has recently accelerated: