Loading ...Gold appears to be breaking out of a major 11-year wedge:
Gold has moved above its 50 and 200 week moving averages:
The Bloomberg Commodity Index has pushed above its 50 week moving average (black line), supporting gold (red line):
Gold is at all-time lows against its most important investment competitor:
And gold stocks are near all-time lows against equities:
This article is the collaboration of Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, and reflects the thinking that has helped make them successful gold investor