Kirkland Lake Gold Ltd. engages in the provision of mining and mineral exploration.

In 2008, the US banks were on the verge of collapse, since that time the Fed has tried every effort to protect the economy with easy money policies.The result since 2008 has been remarkably effective. But for every action there is a reaction.

One offset to the single miner approach with these two is that big industry names are acquiring shares, including Eric Sprott who has major positions on both.

It’s a battle between the fundamentals which are positive and the technicals which tell us that Kirkland Lake Gold's stock has run too far too fast.