Don't Ignore This Chart!

Gold Stocks Start To Roar In December Once Again

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The miners have been outperforming the gold bullion for a few weeks now. They really started to move in the last few days. Newmont Mining (NEM) is one of those.

The gold mining stocks started to rally in December of last year as well. Not many have an SCTR above 75, but this one has jumped 40% in a few days.

This could end up being a meaningful run as some of these surges have handed out 40% returns.

Good trading,
Greg Schnell, CMT

 

Announcement from the Author

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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 an active member of both the Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).

Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018). Greg joined StockCharts.com in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs. Learn More
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