Closed the gap and breaking out of a consolidation area - headed to new highs?? Looking for a metal that is not too far into a trend... Moving averages on GG are heading upwards in a nice trend. My stop will be the 20 EMA which is below the current supply area. 1st target = $13.04. Compared to NEM, ATR is less volatile on this one. Entry tomorrow morning.
Also watching COPX and SCCO for copper play as well.
GDX = $$$ add shares on pullback. USO looking attractive as well.
Risk here is a false breakout and overall plummet of general market as this straight up rally may end drastically in SPX.
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