An Impressive Reversal Day for the Miners
- Posted by Robert Sinn
- on September 7th, 2011
After heavy selling during the first hour of trading, buyers showed up and aggressively began snapping up mining shares. Most gold/silver miners closed at or very near session highs. There are an abundance of breakout setups in the sector with $GDX being the easiest and least risky way to play the space. Meanwhile, silver miner Silver Wheaton ($SLW) is probably my favorite single stock long setup:
Gold Miner’s ETF ($GDX)
Goldcorp ($GG)
Silver Wheaton ($SLW)
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
blog comments powered by Disqus-
Robert Sinn is a professional trader and market analyst who focuses on multiple asset classes including equities, futures, options and currencies. He integrates fundamental and technical analysis. More »
-
Recent Posts
-
Archives
-
