Gold Stocks Are Diverging From Gold, This Is What It Means
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(Kitco News) - When gold mining stocks diverge from gold bullion, the yellow metal typically rallies, said David Erfle, Kitco News contributor.
“That’s happening right now. If you look at the GDX and gold ratio, the gold stocks are positively diverting from gold, so ever since the bottom in the GDX was hit, ironically on September 11 last year, the trend has been up and it stayed up,” Erfle told Kitco News.