Glimmers of Glitter for Gold

In light of the Italy vote result, the overnight gold fade had to be rather frustrating for those positioning for some type of calamity in global markets. 

Still, in spite of the fade, the Euro rally may be what the doctor ordered for gold to muster some type of reversal down here. Clearly, observing the GLD ETF daily and monthly charts, respectively below, the correction this autumn has been a steep one. 

But now GLD is attempting to hold $110, a level stretching backing to 2010 (second chart) as being a significant one. And we are seeing glimmers of a reversal back higher intraday, to boot. 

Our focus for Members will be highlighting those miners which exuded relative strength during gold's correction, setting the stage for them to outperform should we get the precious metals and mining complex following the industrial miners higher into Christmas.