Precious metals an area of interest to me, both from a fundamental and technical perspective. Interestingly, a key and new(ish) fundamental driver for silver is infrastructure required to power AI such as solar PV.
- $GC (Gold Futures) bouncing off its 50d SMA.
- $SI (Silver Futures) bouncing off its 21d EMA.
- VanEck Gold Miners ETF (PCQ:GDX) basing around its 21d EMA.
-Global X Silver Miners ETF (PCQ:SIL) basing around its 10d EMA.
Numerous leaders currently building constructive continuation bases, such as:
Alamos Gold (NYQ:AGI)
Eldorado Gold (NYQ:EGO)
Pan American Silver (NYQ:PAAS)
Hecla Mining Co (NYQ:HL)
Agnico Eagle Mines (Ontario) (NYQ:AEM)
Harmony Gold Mining (NYQ:HMY)
MAG Silver (ASQ:MAG)
Coeur Mining (NYQ:CDE)
Many, many others too.
$GC earlier this year broke out from a +10 year Cup with Handle. Big cause.
