This trend looks promising!Almost all gold miners have turned the corner.
Key points:
- The percentage of gold mining stocks with a rising 200-day moving average has surged to 80%
- This comes on the heels of fewer than 10% of the stocks having solid uptrends last fall
- Similar cycles showed the difficulty of counting on sustained positive momentum in this sector
Most gold miners are in solid uptrends
One of the best performers of any asset in recent weeks has been gold. And while there is not a perfect correlation to the metal, the companies that mine the shiny stuff tend to move more or less in lockstep with the price of their primary product. As a result, gold mining stocks have jumped to their highest prices in over a year…
https://kingworldnews.com/sentimentrader-most-gold-miners-have-turned-the-corner-and-are-in-solid-uptrends/
This trend looks promising!Almost all gold miners have turned...
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