Don't Ignore This Chart

Gold Surges And Carries The Miners Higher

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Gold and gold minings stocks surged to start the trading week.  What makes this so important is this is the first 52-week high in the gold mining stocks since the 2016 spring surge.

Pay attention to the industry group as well as the industrial metals. They both look ready to run here.

Good trading,
Greg Schnell, CMT, MFTA

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
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