XAUUSD: Gold Positioned to Break Higher in 2021

From dailypriceaction.com

I usually write to you as a trader, but I want to take a different approach today. As Daily Price Action members know, I’ve liked XAUUSD higher since April 2020 when it was trading near $1,600. And my bullish gold bias hasn’t changed. But instead of treating it as a trade, I’ve favored investing in the junior gold miner stocks, which tend to follow gold’s trajectory. Why stocks? For one, spot metals are off-limits in the US. And two, buying mining stocks, especially the juniors, is similar to a leveraged bet without the margin. For instance, I started purchasing junior gold mining stocks on April 1st, 2020. ... (full story)