Gold vs Gold Stock, Silver, Silver Stocks
Gold continues to move higher and so do the stocks but the stocks are in no way leading. Craig Hemke joins me to address the fact that gold seems to be leading the metals with silver, silver stocks, and gold stocks getting dragged along. We also touch again on the Palladium price which continues its breakout.
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Wife starting to make some $ on GDX. My NUGT scout went green today.
This was one of the better interviews from Craig in a while, and I agree with points made about Gold bottoming after the first rate hike in 2015, and that it has rallied the last for January’s in a row. The odds are the precious metals will still do well in the first quarter of 2019 if that pattern plays out again. Also gold is like a battleship and when it finally turns up it will drag silver and the miners with it, but most of the market and news ourlets and mainstream investors need to see gold make the move higher first.
Yeh I agree Ex. Good to see gold close the week above the 200 week ma. This has proven good resistance over the past couple of months. Hopefully this bodes well for the remainder of 2018. Silver is just proving stubborn though. It is to be expected but is frustrating nonetheless.
GDM is breaking out versus GLD:
http://schrts.co/oiCXyF