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New, Exciting Signals from Gold and Stocks
Another day, another decline in the miners. But given what’s happening in gold and stock futures, there’s more to come. Yesterday’s session brought us a small, profitable daily decline in the mining stocks. After verifying their breakdown, miners are moving lower once again – this is a completely normal situation. The GDXJ is simply not done declining. In yesterday’s analysis, I wrote that declining gold or declining stocks would likely trigger bigger declines in the junior miners. And in today’s pre-market trading both moved lower. Gold price declined quite visibly after its second failed attempt to move ... (full story)