Gold miners arragement
Some gold miners operate synchronously.
They have been falling since the peak of August.
They are quite sensitive to movements in gold prices, maintaining a positive correlation.
They are trading below their 200 day simple moving average (undervalued signal).
Its last 2 peaks have occurred in the first week of the month, 2 months apart.
What is the possibility that another peak occurs in early March?
Either everyone goes up or everyone goes down.
I get the impression that they are going to rebound at the same time.
They have been falling since the peak of August.
They are quite sensitive to movements in gold prices, maintaining a positive correlation.
They are trading below their 200 day simple moving average (undervalued signal).
Its last 2 peaks have occurred in the first week of the month, 2 months apart.
What is the possibility that another peak occurs in early March?
Either everyone goes up or everyone goes down.
I get the impression that they are going to rebound at the same time.
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