Gold Rises on N. Korean Nuke Threat (GLD, GOLD)

Nothin' spells lovin' for nuclear war like G-O-L-D and the Korean missile news was just enough for that market to make a nice recovery Tuesday from a morning dip. $560 is forming somewhat of a base and is close enough to my target that I'm looking at miners again. Also, Randgold Resources (GOLD) has really started to become a great leading indicator. You could have used its turns for a buy and sell signal on Goldcorp (GG) or AngloGold Ashanti (AU) Tuesday and done very well.

As expected, GG outperformed the sector with a 3.5% gain on the day but slumping oil prices may put a small brake on a gold rally so we need to wait for inventories to clear out. Newport (NEM) is lagging right now. Northern Dynasty Minerals (NAK) has been rolling quietly along throughout the gold drop and has radically outperformed since my mid-may pick.