GLD Rally in 2014?
The GLD which is the Gold ETF appears to be stabilizing and setting up for a possible double bottom. The weekly chart shows a more pronounced set up. The Ultimate Oscillator shows the beginning of a double bottom set up
GDX Rally in 2014?
The GDX is much farther along in its consolidation as noted on the monthly chart below. The recovery off of the lows in November proved that there are in fact buyers below and that we may just see a rally in the Gold Miners in 2014 in advance of a rally in gold.