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

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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