Monday, January 14, 2013

Trends & Trading Signals: Gold, Miners, Crude Oil and the SP500

Gold and gold miner stocks have underperformed in 2012 disappointing most traders. That being said it has traded in a large sideways range since September 2011 and remains stuck in this range as of this week. Investments trading sideways are not my preferred investment of choice because some commodities and stocks for that matter can trade sideways for years before making another bull market rally.

That being said in the last six months gold has started to show life that a new bull market may be starting. 2013 is starting to look as though gold, silver and precious metals miners could lead the market higher if they can break out of their basing patterns. Until we get more bullish price action I am not planning to get long.

Let's take a look at the gold ETF and Gold Miner charts

Get our Free Trading Videos, Lessons and eBook today!

No comments: