Consider the real economic indicators this election year, with the robo-expansion of debt (what’s a few more $Trillion for the cause?) at this crucial time.
The market had what we call a kiss pattern; the 18-day average, a few days ago, went down, skirted right on the 200-day average, the market then came out of that and it lifted.
Oversold gold stocks riddled with capitulatory bearishness is an anomaly that will be short-lived. They are due to mean revert sharply higher with gold.
You have the same number practically for the 18-day average and the 100-day average. That's called a bullish convergence right there, now which way is it going to go?
