Gold Stocks: A Straight Run to Fresh Highs?

by Stewart Thomson
Gold Seek

1. With a new tail wind of significant ETF tonnage growth, gold bullion continues to sport the best charts of all the major asset classes.

2. Please click here now. Double-click to enlarge. The $1800 area is significant resistance and gold arrived at this resistance zone as its weak price season began.

3. Rather than selling off in a major way, the price action has been neutral and bullish price patterns are in play.

4. Gold could trade sideways for longer than most bulls believe, but I’ve argued that gold stocks can rally higher anyways, given the enormous cash flows that many miners are pulling in now.

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