Precious Metals Video Update: Gold & Gold Stocks to Correct
We cover several reasons why the sector has put in a short-term peak and should correct during January.
Talking Points From This Week’s Update
- Short-term divergence between gold and the stocks.
- Initial strength in GDX, GDX.J has led to selling pressure.
- HUI indicates that we are currently overbought.
- COT analysis and consider buying on weakness.
Jordan Roy-Byrne, CMT, MFTA is a Chartered Market Technician and Master of Financial Technical Analysis who is a member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication that emphasizes market timing and stock selection for precious metals investors.
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