Gold and gold stocks have a bit more upside before reaching resistance, which could lead to a pause or correction. Silver hasn't been able to pierce $28.50 yet. The recent rebound confirms gold stocks successfully retested the 2020 breakouts and can resume their uptrends. Gold stocks are very close to breaking out against Gold and we explain why this is a very significant.
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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.