Thursday, March 6, 2014

Best news in years about to take place for Gold Mining stocks?

by Chris Kimble

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Its been a great couple of years for the gold miners! Well we all know that's not the truth. It has been a great couple of months for them though, as $GDX is up 25% YTD. I shared with members the first of the year that miners looked to be creating a double bottom and ETF Trends shared that a "Generational Low" could be in place (see article here)

The 25% rally has pushed these mining index's above their 200MA for the first time since 2012 and up against the top of their steep falling channels.   A breakout from this channel would be the best news the miners have seen in a few years.

See the original article >>

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