Jordan discusses his latest article where he points out that the signs are close for declaring a new bull market. The indicators are all showing positive. Both GDX and GDXJ have surged above their long term moving averages. We still need to rally up to and break resistance levels but we are close and the evidence is mounting. Lastly, he is looking for the ratio of gold compared to the stock markets to rise which is a classic bull market sign.
Time Stamp References:
[1:20] – Jordan discusses his latest analysis.
[2:40] – Gold needs to re-test resistance levels.
[5:10] – Basing period and potential upward potential.
[7:00] – Long-term gold chart is very exciting.
[8:50] – Watch for a breakout.
[11:00] – Risks of being a contrarian.
[16:30] – Bull Market is almost confirmed.
Source: The Daily Gold