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Gold and Silver Bullion Versus the Miners
Snippet form February 27, 2017 Chartworks
Gold, silver and the miners rallied well from the December bottom. The stocks outperformed through February 8th. However, while bullion closed at new highs for the year on Thursday and Friday, the mining indices (GDX, XAU, HUI & SIL) closed at the lowest levels of the month. This sets the stage for a bearish divergence on the next rally in miners.
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Snippet form February 27, 2017 Chartworks
Gold, silver and the miners rallied well from the December bottom. The stocks outperformed through February 8th. However, while bullion closed at new highs for the year on Thursday and Friday, the mining indices (GDX, XAU, HUI & SIL) closed at the lowest levels of the month. This sets the stage for a bearish divergence on the next rally in miners.
Subscription Inquiries
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