Gold stocks are again testing an area that’s held them down for the past year. Don’t worry if you’re late to this party. With consolidation of close to a year, there will be plenty of opportunity to hop on a few gold stocks in the sector. The XAU is near a weekly closing high here for the year.
I’d ideally look for stronger plays in the sector. KGC broke out Friday, and is one to watch.
AUY has been a beast in the sector. Now out of single digits, it should have some institutional money thrown at it.
Buying begets more buying in GOLD.
