Gold Just Needs To Get Above Price Gap

Published 07/12/2021, 05:52 PM
Updated 07/09/2023, 06:31 AM

Although gold seems to have made it its specialty to stumble and fall persistently during the past 11 months, I haven’t lost faith that the little fellow will eventually wake up to the fact that the trillions of dollars of toilet paper flying around are not as nice to own as the ancient precious metal.

From a chart perspective, it honestly just needs to do one thing: get above that price gap.

Gold Chart.

If it can do so, the miners have a real opportunity to rally. Bless their hearts, they’ve managed to respect support thus far, in spite of all the rain.

GDX Chart.

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