- Three Charts Suggest an Explosive Move Is Coming in Gold
by The Phoenix, https://gainspainscapital.com/
Gold is preparing for a major move in the next two to three weeks. The precious metal is in a large multi-month triangle formation. The coming move will be violent when it hits.
As I’ve noted preciously, during inflation-driven bull markets in gold, gold miners typically outperform the precious metal. For this reason I like to track the gold miners to gold ratio (GDX: $GOLD). When gold miners outperform gold, this ratio rises. When gold miners underperform gold this ratio falls.
As you can see, the GDX: Gold ratio is in a clear bull flag formation. This is EXTREMELY bullish and signals that we are about to see an explosive move in which gold miners driver higher, outperforming even gold. We just need a final breakout to the upside.