Gold - a chart observation

  1. 5,382 Posts.
    It seems common knowledge that gold stocks lead the gold price. Just perusing some charts and notice the broadening formation on gold futures and gold stocks. As you will notice below CRS (also LHG AOR and probably others) have broken out of this formation, whilst gold is on the verge. This looks bullish to me, however I can't find any reference to this pattern in my texts. Any comment.
    I hold CRS

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.