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Gold Breakouts Abound

By Tim KnightCommoditiesApr 24, 2016 03:42AM ET
www.investing.com/analysis/gold-breakouts-abound-200126101
Gold Breakouts Abound
By Tim Knight   |  Apr 24, 2016 03:42AM ET
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A Sloper was kind enough to offer this post about precious metals, which I appreciate!

Today’s post will be chart-heavy and text-light. I just want to highlight all of the chart breakouts I’m seeing across the gold and silver complex. This is exactly what you want to see as confirmation that a new bull market has started. I marked up each chart and put some comments here and there. The blue circles represent price targets based on the measured move of the breakout. Enjoy

SLV Weekly Chart
SLV Weekly Chart

iShares Silver (NYSE:SLV)

HUI Weekly Chart
HUI Weekly Chart

ARCA Gold BUGS

ABX Weekly Chart
ABX Weekly Chart

Barrick Gold Corporation (NYSE:ABX)

EXK Weekly Chart
EXK Weekly Chart

Endeavour Silver Corp. (NYSE:EXK)

HMY Weekly Chart
HMY Weekly Chart

Harmony Gold Mining Company Limited (NYSE:HMY)

KGC Weekly Chart
KGC Weekly Chart

Kinross Gold Corporation (NYSE:KGC)

NEM Weekly Chart
NEM Weekly Chart

Newmont Mining Corporation (NYSE:NEM)

NG Weekly Chart
NG Weekly Chart

Novagold Resources Inc. (NYSE:NG)

SLW Weekly Chart
SLW Weekly Chart

Silver Wheaton Corp (NYSE:SLW)

SSRI Weekly Chart
SSRI Weekly Chart

Silver Standard Resources Inc (NASDAQ:SSRI)

Gold Breakouts Abound
 
Gold Breakouts Abound

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