Precious metals & miners made the right choice and moved higher this past week strongly.
That’s about the only sector doing well right now as we’re seeing missiles volleyed, Russian relations cooling and the mother of all non-nuclear bombs being thrown around.
Markets and stocks are not taking these actions in stride and are showing weakness.
I’m about half in, and only in mining stocks with the rest cash.
There are times to be in cash and this looks to be one of them.
Gold gained a nice 2.48% on the week.
We were treated to a solid breakout above the 200 day average from gold on heavy volume, which is key.
Friday, April 7th saw gold breakout in overseas action, only to fail once we began trading in North America but this week we saw that diverge.
This post was published at GoldSeek on 14 April 2017.
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