Gold miners show perfect breadth

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-07-28 at 13:36:53 CDT

Every gold mining stock is trading above its 50- and 200-day moving averages and a near-record percentage of them have hit a 52-week high. Even though it might be having a speculative moment with a high correlation to bitcoin, this kind of buying pressure has mostly preceded limited sustained upside for miners.

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