Gold Stocks Showing Positive Divergence

By Jordan Roy-Byrne of The Daily Gold

Thursday, January 5, 2017 9:47 PM EDT

The monthly charts show a positive divergence for the gold stocks. The Gold stocks held above their 20-month moving average in recent months while Gold did not and remains below it. Gold stocks are also well above their spring 2016 lows when Gold was trading $30/oz higher. We see two scenarios going forward.

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Disclosure: None.

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