RE: US Stocks - Watchlist and Discussion
(2018-12-28, 11:57 AM)isatrader Wrote: For the watchlist from Thursdays scans - GOLD, MITK
Gold is from $DJUSPM Gold Miners Index which is just breaking into a stage 2 - according to Weinstein that would means the Gold Miners industry sector would be interesting to check out. GLD moved 10% higher since October while the market moved more the 10% lower. During times of instability, it seems people move to gold for security. When the price of gold rises, gold mines become more profitable which means $DJUSPM may offer some stage 2 options.