GLD - Gold Stock Decisive Breakout
The gold miners’ stocks just blasted higher to a major decisive breakout this week. Driven by gold’s own huge bull market breakout, the gold stocks surged well above vexing years-old upper resistance. The resulting new multi-year highs are a game changer, starting to shift long-apathetic sector sentiment back towards bullish. This will increasingly attract back traders, with their buying unleashing a virtuous circle of gains.
Traders usually track gold-stock fortunes with this sector’s most popular exchange-traded fund, the VanEck Vectors Gold Miners ETF (GDX). Launched in May 2006, this was the original gold-stock