$ISHARES S&P/TSX GLOBAL GOLD IND ETF UNIT (XGD.CA)$
Check out the Zebra pattern on the XGD over the last 2 weeks! It suggests considerable indecision within the demand-supply environment, and is hardly a glowing endorsement for ASX gold stocks.
Still, it hasn't done a great deal of damage to the prevailing short term trend, and the long term trend ribbon (albeit very flat) is still indicating an uptrend.
These two areas are now the key points of dynamic demand going forward. As long as the XGD ...