An Impressive Reversal Day for the Miners

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)

 

Gold ($GC_F, $GLD)

 

Silver ($SI_F, $SLV)

 

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
Powered by WishList Member - Membership Site Software