SGDM - Gold Stocks Break Out

• Gold stocks kicked off 2021 with a major upside breakout. The leading gold-stock ETF finally burst decisively above its recent correction’s downtrend resistance and 50-day moving average this week.
• Gold stocks confirmed that breakout since by holding those high levels despite a big gold plunge. All this really increases the odds that gold stocks’ next bull upleg is underway.
• On average major-gold-stock prices doubled during each of this bull’s prior four uplegs! So a likely young fifth one starting to power higher offers great opportunities for contrarian traders.

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