Whilst equities saw some distinct morning weakness, there was significant strength in the precious metals, with the related mining stocks following. Barrick Gold (ABX) settled higher by a significant 3.2% to $20.10. Near/mid term outlook remains bullish.
Suffice to add, Barrick Gold is leading the way higher. Its currently net higher for a fifth consecutive month, which is the best run since 2002 !
Mid term trend from the Sept'2015 low of $5.86 is comfortably intact. A break above the summer 2016 highs is on the menu.
For those with a serious interest in the mining stocks, I have a report for you...