Late Night Strategy for Tuesday

Of the major miners which I looked at, Royal Gold has the look of being best in class.

Note the surge in buy volume to accompany a huge price move on Monday. To be sure, the gold miners have much work to do to cement even a tradable rally within the context of a downtrend, let alone a durable bottom.

Still, it is worth noting this action if the gold miners do, in fact, offer up a respite to gold bugs in the coming weeks. RGLD back into the mid-$60’s would fit the bill under that scenario.

Drop me your top tickers overnight.

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