Gold, silver & the mining stocks are at or near key resistance levels. Should both the metals & the miners make a solid & sustained break above resistance, that would bode very well for the longer-term outlook for the precious metals & mining sector. However, with the miners & metals at or near major resistance, the chances of a near-term pullback are elevated at this time.
This video start with a quick overview of GLD (gold ETF), SLV (silver ETF) and GDX (gold miners ETF), followed by a look at the charts of the top components of GDX including several trading strategies on some of these leading mining stocks (in the following order): GG, NEM, ABX, FNV, GOLD, SLW, AEM, RGLD, EGO, AU, KGC, AUY, GFI, & TAHO.