Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Gold Breakouts Abound

Published 04/24/2016, 03:42 AM
Updated 07/09/2023, 06:31 AM

A Sloper was kind enough to offer this post about precious metals, which I appreciate!

Today’s post will be chart-heavy and text-light. I just want to highlight all of the chart breakouts I’m seeing across the gold and silver complex. This is exactly what you want to see as confirmation that a new bull market has started. I marked up each chart and put some comments here and there. The blue circles represent price targets based on the measured move of the breakout. Enjoy

SLV Weekly Chart

iShares Silver (NYSE:SLV)

HUI Weekly Chart

ARCA Gold BUGS

ABX Weekly Chart

Barrick Gold Corporation (NYSE:ABX)

EXK Weekly Chart

Endeavour Silver Corp. (NYSE:EXK)

HMY Weekly Chart

Harmony Gold Mining Company Limited (NYSE:HMY)

KGC Weekly Chart

Kinross Gold Corporation (NYSE:KGC)

NEM Weekly Chart

Newmont Mining Corporation (NYSE:NEM)

NG Weekly Chart

Novagold Resources Inc. (NYSE:NG)

SLW Weekly Chart

Silver Wheaton Corp (NYSE:SLW)

SSRI Weekly Chart

Silver Standard Resources Inc (NASDAQ:SSRI)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.