In today’s video, Stephen Whiteside from TheUpTrend.com analyzes the gold and gold stock market. He discusses the recent overbought conditions, noting a small pullback in gold prices and potential sell signals in individual gold stocks like Agnico Eagle and Franco-Nevada. Despite fluctuations, gold remains on a buy signal, and no major breakdowns have occurred.
He emphasizes that gold stocks don’t always mirror the movement of gold prices and highlights the influence of moon cycles on market changes when news is quiet. Stephen shares his plans to sell GDXU and await a bear ETF buy signal. Viewers are encouraged to time the market properly and follow trends for better outcomes.
Stephen Whiteside
TheUpTrend.com
Monday, February 17, 2025
