Here is the $BPGDM chart.
This chart shows what percent of gold mining stocks are on a buy signal on a point and figure chart system.
I am not bullish on $GOLD due to the $USD strength.
But the indicators are saying buy the gold miners - or at least trade the index.
If you wanted to do this trade, you could buy the HUG.TO which is an ETF on gold miners. You could also buy the XGD.TO.
Lots of other things to examine, but perhaps this GOLD miners move has legs.
Greg Schnell, CMT