More Weakness Ahead in Gold Stocks

Source: Jordan Roy Byrne Published on Saturday, November 5 2016
Related articles and keywords:   Chart - Charts - Fed - Georgia - Gold - Gold Stocks - I-min. - Lead - Market - Miners - Price Action
The gold stocks continue to correct their epic +150% rebound that began in January and ran into the summer. Last week it was the poor relative strength in the miners that hinted the correction had more to go in both time and price. This week, it was the miners failure at a confluence of resistance, even with Gold trading above $1300, that argued for more weakness ahead. While most of the damage has already been done, our work argues for more weakness before a buying opportunity. In t
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