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Gold Stocks Showing Strong Breadth

This chart from ShortSideofLong plots the HUI and the percentage of its stocks trading above the 200-day moving average. Breadth by this statistic is the highest since late 2011. It’s a good sign for the potential of the gold stocks to breakout soon.     Source: SentimenTrader (edited by Short Side of Long)

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Miners Next Move: Breakout or Breakdown?

We’ve been very bullish on the miners since January but became concerned recently with the poor technical action in the metals (specifically Gold). Last month the mining indices were very close to a major breakout yet couldn’t punch through. This signaled that Gold could begin a deeper decline and the miners would be vulnerable. However, […]

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