Gold is consolidating ahead of the next upleg. Gold stocks are building a very strong base ahead of a major surge. Gold is about to surge against S&P 500. Gold is still looking powerful in US$ and other currencies.
What will come for gold in the SOTU today?
Gold stocks continue to frustrate smaller players, but the key leaders are hitting new all-time highs. Gold stocks about to surge against gold
It is just a matter of time before this breaks out.
Gold vs. S&P 500
Breaking out now.
Gold stocks will soon follow, and gold stocks will outperform gold.
Sideways since 2014:
A decade of frustration here:
Major Global Stocks
Mega caps are lagging, but growth stocks are at all-time highs.
Newmont Corp. (NEM:NYSE) is lagging but technically strong now:
Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) backtested long-term downtrend:
Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) is at new highs:
Kinross Gold Corp. (K:TSX; KGC:NYSE) is at new highs:
Gold Fields Ltd. (GFI:NYSE; GFI:JSE) rebound to new highs:
AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE) rebound to new highs:
Northern Star Resources Ltd. (NST:ASX:NESRF:OTC) is heading higher:
K92 Mining Inc. (KNT:TSX.V) is ready to break out:
ASX XGD
Six years in this box. Now out.
Ready to fly.
XGD ASX Gold Index 2019 -2025:
Head the markets, not the commentators.
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Important Disclosures:
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Barrick Gold Corp. and Agnico Eagle Mines Ltd.
- Barry Dawes: I, or members of my immediate household or family, own securities of: Northern Star Resources Ltd. I determined which companies would be included in this article based on my research and understanding of the sector.
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