Gold stock sentiment indicator. XGD has barely penetrated the support band and looks like rebounding. Commodities are on a bender and drag the Aussie dollar along with them. Overseas gold stock indicators up 4% plus overnight so should be a decent move in gold stocks today though yesterday was nicely up. Leading indicators up in the mid 50's and the sentiment indicator has started to reverse as expected. Be aware this could be a bit of a bull trap but buying stocks at the bottom is part of what defines a good trader. Here is the indicator. .
