After Friday’s ferocious snapback rally, the gold miners are pausing today on what appears to be a low volume, benign consolidation of those gains.
Over $26.83 on the senior gold miner ETF, daily chart below, would likely see me taking a shot at NUGT again for a starter position.
Silver, however, does probably need to firm up its chart better for the entire complex to rip higher again.
Still you can see the highlighted tight consolidation, despite last week’s apparent breakdown which bulls blunted.
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That is a CGI kitty.