Stock market investors have been watching the price of gold rally sharply in the past few weeks through the $1350 level and even up to $1400. People are wondering if it is too late to buy this high up on the technical analysis charts. Although this short-term move has captured people’s attention in reality gold has been rallying since August.
So will this move last?
I talked with Ike Iossif of marketviews.tv. about this and he shared with me what his money flow indicators for the XAU gold stock index, which is closely correlated to the GDX ETF, are telling us.
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