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AustralianGold

Trend change and Bull market for the Gold Miners

Long
PHLX Gold and Silver Sector Index (NASDAQ:XAU)  
AustralianGold  
NASDAQ:XAU   PHLX Gold and Silver Sector Index
Trend Analysis
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trendanalysis
Big Bear Markets such as the decline into the 2016 low for the miners breed big bull markets. These unloved countercyclical investments have significant potential for long term gains.
Such a clear down trend with overhead resistance are key charts worth keeping an eye on. This week we have a clear breakout. Decent volume for gold and GDX are solid confirmations.
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