While a laggard due to the sector’s former need for a hard correction and the election’s aftermath, the gold stock sector has recently broken out vs. the S&P 500 as well.  It’s not as bullish as CDNX-SPX from the previous post, but this is constructive for the gold stocks and also for our current view that this is definitely not a passive, ‘set it ‘n forget it by buying SPY’ market this year.  There will be places to be and others not to be.  <insert goofy Shakespeare joke here>.

What great technical work Huey has done in bleeding out the gold bug optimism that was too rampant last summer.


Subscribe to NFTRH Premium for your 30-45 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at and Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits or RSS.