Traders and investors continue to reallocate capital in defensive sectors and GOLD which is in a strong momentum for 4th day in a row, trading at highest level since November ’15. Gold stocks are following momentum in commodity and most of them already broke out of their consolidation periods but one gold stock is lagging and just approaching its potential reversal point at 39 which if broken could reverse its 6 month bearish trend move into 43 area.
Sinisa Persic, CMT
www.traderhr.com
