Gold is moving rapidly higher after hours hitting over $1380 an ounce. This break of resistance should trigger the increase in volume we are looking for in GLD and across the gold stocks and confirm the new uptrend.
Correspondingly I would expect to see the GDX to GLD ratio also break out which would further confirm a gold uptrend.
Action in gold stocks should be very interesting tomorrow, and with a big IPO tomorrow from Slack (WORK) the markets overall will have a lot going on.
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