Metals and Miners Bull Market Point Of Recognition [SPDR Gold Trust (ETF), Market Vectors Junior Gold Miners ETF]

A break above the upper dashed red trendline would validate this reversal pattern and should bring more investors in the Miners sector. When this breakout happens, the Miners should outperform the SPX Index.

HUI SPX RATIO CHART JULY 9

Metal and Miners are currently at a key juncture and are very close to print a point of recognition of a new bull market. Price action will be very important in the coming days to valid this new cyclical bull market. Our first leveraged positions on May 30 in Metal and Miners seem to be taken very close to the bottom and I think that it is not the time to sell these positions but on the contrary, to hang on during corrections in order to run all the bull market and to make nice profits. Keeping in mind the big picture to control our emotions is important at the beginning of each bull market.

This article isĀ brought to you courtesy of Trader MC.

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