Mark Newton on Gold/Silver Miners

Gold/Silver mining has moved to #3 of IBD 197 Sector rankings, & while near-term momentum has gotten stretched, longer-term technical structure remains quite supportive that this rally continues into October.

 

FOMC easing, Dollar weakening & Central Bank buying is a powerful combo

 

@IBDinvestors @marketsurge #IBDPartner

Love seeing these long-term bases exceeded which happened two months ago-  @Fundstrat clients have seen our bullish notes on Gold and Silver for most of this year, but this larger trend breakout keeps the Miners still quite attractive, despite being Overbought