Gold and Miners Finally Bust Out

By -

As I wrote to my PLUS members on August 24th regarding junior miners, “..…as I look at the miners, I’m seeing signs of life. If you believe the breakout is meaningful and want to amp up your commitment, a good way to do it would by via the triple-bullish ETF symbol below, which itself has had a clean breakout from a rather long downtrend.

Well, it didn’t take long for this to blossom, as gold has broken out smartly………

0828-gld

Followed, naturally by miners………

0828-gdx

…….and the juniors themselves…….

0828-gdxj

I remain cheerfully long the miners, having augmented my position this morning.

Share this post: