Gold stocks are defying the recent stock-market selling. Gold miners’ earnings really leverage gold upside, and have already soared mid-to-high double-digits for seven quarters in a row now.
When you look at the gold market, it's still up 0.76% for the week. The resistance is going to be closer to $3178, and the market lost the bullish embedded reading.
Precious metals got a boost from rising trade tensions, helping to send gold to another all-time high along with a new upgrade in year-end forecasted price gains by Goldman.
