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TFC Commodity Trading Forum

Re: Aug Gold/ Remains in its Channel/STR

No I didn't touch ABX as it gaped down to new lows and is underperforming all the other Gold markets. NEM plunged after the close on poor earnings results and should open down sharply tomorrow. I'd prefer to see Gold clear $1635 to suggest it is out of its sideways choppy pattern. And then I think I'd buy CEF or GLD or DGP not the Gold stocks. Might be more snap back with the Gold stocks at some point but just don't see any outperformance of the stocks over the Gold yet.