Gold miners overbrought ?

5 בפבר׳ 2016

This monthly chart show just how little the move has been on a long term chart. Yes NUGT has doubled in the past 2 weeks, HUI up from 98 to 140. If 140 holds on a weekly close then the bear is dead. I think we will have small retracement then back up. I think there are plenty of buyers that want into this trade. I think gold will hold $1130

Pick your favorite miners and put them away for a while.