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.

Gold Miners vs Stocks Above 200 MA 

Source: SentimenTrader (edited by Short Side of Long)