The price of gold and silver prices on their charts have been in a correction/consolidation mode since the end of July. The best indicator to use determine whether or not this dip is the start of a giant drop or just pause is the GDX/GLD ratio. In this video I talk about it with Jordan Roy-Byrne of thedailygold.com and his article showing the long-term charts with implications for gold prices in 2021.
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