Gold stocks gaining momentum against the metal

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ElPrimero

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Gold stocks gaining momentum against the metal

posted on May 24, 2012 10:06AM

Gold $1574.40 UP $10.10

Silver $28.36 UP $0.52

Gold/XAU Index 9.95 OFF 0.45

Gold share strength over the bullion still improving. On the chart below, it clearly shows more money going into the pm shares versus the metal with a break down of gold's past relative strength over them. The MACD (12,26,9) divergence moving average lines which funds closely monitor is saying, it may be wake up time to move funds from gold into the shares.