GLD has finally broken the one year downward trend line from the highs. Notice that the RSI trendline has also been broken and the DI's have crossed into positive.
Do we have a new bull market in Gold? If so what if anything does that mean for industrial stocks?
POWW has recently broken through the down trend line from the June highs, consolidated for over a month, and now broken through resistance of $6.60. All indicators are confirming the new bull move.
POWW has 2 Strong Buy ratings from analysts with one year target prices of $9.00-$11.00
