The rally goes on. For the week, we've added approximately $40, almost 2% in price. The market has had certainly the series of moves to the upside that began late last week, and continued on.
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?
