Today was awesome. A lot of gold stocks have been moving up, some inching up. But the ones that have been most suppressed and ignored, GAPPED UP, and printed a BIG BULL Candle like HL. To me, it means, at least for these stocks, that the game is ON.
What I have read, esp from guys like Sven, Northland Trader, is that the markets have been able ignore the inflation, and party on. Till NOW. Yeah the run is on, so where does it stop? When the RSI Saturates, and the MACD signals its downturn. Could be a catalytic event, perhaps like when someone turns up the Capital deposit or margin ratio at the COMEX, something stupid like that, or the US Govt takes the shackles off BitCoin so it sucks the liquidity out of the PM's. We will see, but it won't be without hints from the Technical Segment. Ground battles are won with the last war's infantry weapons. This is no different.