Will Gold See Another Breakout Ever Again? (GLD)

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November 28, 2017 6:40am NYSE:GLD

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From Jordan Roy-Byrne: In this interview, we speak with Jordan Roy-Byrne of thedailygold.com to talk about a recent precious metals article he posted here.


Gold and gold mining stocks have been going sideways all year now and people have forgotten about them and do not care about them. It will take a key rally through $25.50 on the VanEck Vectors Gold Miners ETF (GDX) to make people want to buy, as now all that matters to people in the markets is pure price action. They need to see rising prices to want to buy.

So when is this ever going to happen? I talked about that big question with Jordan, and came away with some interesting conclusions. Check out the full interview below.

The SPDR Gold Trust ETF (GLD) fell $0.03 (-0.02%) in premarket trading Tuesday. Year-to-date, GLD has gained 12.06%, versus a 17.49% rise in the benchmark S&P 500 index during the same period.

GLD currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 35 ETFs in the Precious Metals ETFs category.


This article is brought to you courtesy of The Daily Gold.


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