Last week we took a long look at how gold behaved on weekly charts. Today, we continue to examine the period after August 2016, but this time we focus on gold stocks through the S&P TSX Global Gold Index, known as the TSX Gold Index.
Geology is a profession that requires imagination but also discipline. Success comes when the right mix of these two ingredients is applied to solving an age-old question: “Where is the buried treasure?” Let’s take a brief look at this most interesting challenge through the examination of Reyna Silver (TSX-V:RSLV).
Information that is both timely and valid is a cornerstone to success in profitable investing. We have identified the correct “signal” for copper. Now, all we have to do is be patient and wait for it to confirm that copper, like gold stocks, is on its way to test old highs.
Regular readers should now be familiar with a well-worn traders’ adage that we highlighted back in February of this year. When this pattern emerges, it could mean big rewards. Here’s one stock chart pattern to look for.