Gold Stocks Likely To Out Perform Bullion
Bob Hoye | Feb 26, 2017 01:14AM ET
Minor Pull-Back from Record Equity Highs. Gold stocks likely to out perform bullion
Precious Metals
Snippet from February 23, 2017 Pivotal Events
Our comfort in this sector rests upon the gold stocks outperforming the bullion price. The ARCA Gold BUGS/Gold ratio based at 142 in November and December. The rally made it to 180 a couple of weeks ago which was nicely above the 200-Day ma at 175. However, the last two trading days have taken the ratio down to 165, which is at the 50-Day ma. Last week, we concluded that the sector could clock a tradable correction.
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