GDXJ, GDX, Sil, SLV, GLD
While it’s easy to find evidence to suggest a Santa Claus rally is not taking place this year, the Power of the Patterns disagrees.
This chart looks at the performance from several assets in the metals sector over the past 30 days.
Even though all of these metals assets are lower in 2018, each is experiencing a nice rally this month (December).
So maybe ole Santa didn’t disappoint everyone this year.
Full Disclosure, Metals Members hold long positions in Gold and a large mining company.