Gold stocks are at an important juncture (click on graph to enlarge). The first thing to notice is strong volume after a protracted advance followed by a decline. Strong volume in this case is bearish for the sector.
The downtrend line needs to be violated on the upside for the current correction to end. Time will tell.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
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