• Gold Is Overdue For A Relief Rally

    3 days ago - By ETF Daily News

    From Jordan Roy-Byrne : In this interview, Jordan discusses where the gold market is and why it failed to break-out.
    Traders were anticipating a breakout, and many are likely disappointed. The dollar is consolidating and now above the long-term moving average. Concerning GDX and GDX.J, things are still pretty dull. Jordan warns that, “Silver is also on the verge of breaking down out of a triangle.”
    We're not entering a new bear market but are likely setting up for a wash-out over the next few months. Perhaps a double bottom with a higher low. We're moving from a dull market to a...
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