Gold, and consequently gold stocks, could be on the cusp of a huge breakout within days.
Two gold stocks have switched to buy signals the last few trading days, and GLD is breaking out of a coil pattern today. We need follow through to confirm even though the pattern looks quite bullish.
Geopolitical risks (Syria) and trade risks (NAFTA and China) appear to be driving the price presently. If the Fed hints of slowing rate hikes, there could be enough fuel to rocket prices higher.
This is a very difficult sector and often gives false breakouts and breakdowns, so be careful out there.