news.goldseek.com / By Peter Degraaf / 12 July 2017
For the benefit of subscribers and to help yours truly to make good decisions, we plot an indicator with ten components on a daily basis, that we refer to as the GDI. On Monday the GDI closed at 39% and on Tuesday it moved into positive territory with a reading at 61%.
Charts courtesy Stockcharts.com unless indicated.
As the following chart (courtesy goldchartsrus.com) shows, the long-term historical pattern (black line), is for gold and mining stocks to rise for 8 months, once the June-July lows are put in place.