Gold Stocks – A Show of Strength

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:

Continue Reading at…