Miners’ Major Breakout

OK, it isn’t THAT major, but I couldn’t resist using that title. What I’m talking about is happening, with respect to its resistance trendline, on both the GDX……….

(Click on image to enlarge)

……and the junior miners, the GDXJ:

(Click on image to enlarge)

All thanks, of course, to gold’s genuine strength (GLD):

(Click on image to enlarge)

All I can say is: Godspeed, gold!

BONUS CHART: The S&P metals & mining symbol XME; holy Moses!

(Click on image to enlarge)

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.