Stocks Analysis by Jordan Roy-Byrne, CMT covering: XAU/USD, Gold Futures, VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF. Read Jordan Roy-Byrne, CMT's latest article on Investing.com
Gold exploded out of its 13-year cup and handle pattern through $2100/oz, and soon after, Silver broke out of a three to four-year range past $26/oz.As the economy slows toward recession, it eliminates recent cost pressures for miners.
The index has 28 companies, a median market capitalization of $200 Million, and an average market capitalization of $350 Million. The beautiful thing is that gold stocks are trending bullish and building momentum, yet everyone still hates them.As one can imagine, very few of the responses were favorable to the miners.
Gold looks to continue to trend higher to its cup and handle measured upside target of $3000/oz. Meanwhile, miners and juniors are in a prime position to leverage this move.
Gold Futures Vaneck Gold Miners ETF Vaneck Junior Gold Miners ETF
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold miners 'ripe' for a break out: Analysts name stocks to buy into the gold rushA number of analysts say the precious metal will go even higher, giving their predictions on prices.
Read more »
How UCLA alum Jordan Chiles won Olympic gold medal while living authenticallyThe two-time Olympic medalist and UCLA alumna says she lives by her motto by always believing in the power of her dreams.
Read more »
Jordan Chiles adds secret ingredients fire and fun to gold-medal U.S. gymnastics teamUCLA star Jordan Chiles put on a show during the Paris Olympics, getting the crowd on its feet and inspiring her teammates during their gold-medal run.
Read more »
Jordan Chiles Flashes Gold Grills to Match Her Medal During the Paris OlympicsGymnast Jordan Chiles showed off a sparkling gold grill during the 2024 Paris Olympics medal ceremony. Get a close-up look at the accessory.
Read more »
Simone Biles, Jordan Chiles give look at 'Village Life' after gold medal winUSA gymnastics stars Simone Biles and Jordan Chiles gave a behind-the-scenes look at 'Village Life' after winning gold in the team finals at the 2024 Paris Olympics.
Read more »
Jordan Chiles reveals which hometown hero inspired flashy gold grillThe Olympic gold medalist needed the perfect accessory as she was anticipating a big win.
Read more »