While gold has surged as rates have rallied, a breakdown from this huge H&S top for rates could usher in frenzied Western money manager buying, sending gold straight to $3000-$3300.
Creativity abounds in the headlines. Try this CNBS (truth be told) from Friday: “In this time of uncertainty, markets seem to rely on logic.” Folks, you cannot make this stuff up, (except they did.)
Gold stocks just achieved a major secular breakout to four-plus-year highs. A little more rallying will lift GDX to its best levels in nearly a dozen years.
