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.

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