Negative Divergence in Gold Stocks Bodes for Lower Prices

Source: Jordan Roy Byrne Published on Saturday, October 29 2016
Related articles and keywords:   Cash - Chart - Charts - Georgia - Gold - Gold Stocks - I-min. - Lead - Metals X - Miners - Peak - Precious Metals - Silver
You have heard it before from us and probably elsewhere. The miners lead Gold. We have seen this every major turn dating back 16 years and it can also be the case with respect to short and medium term trends. While the precious metals sector has rallied over the past few weeks, the rally has been weak and the gold stocks relative weakness in recent days bodes negatively for the sector. Consider the daily chart (below) and the overall performance from this past week. Gold gained $9/oz o
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