Do I Make You Randgold, Baby? Do I?

Precious metals and miners are quietly having a solid week, threatening to break higher yet after roughly a month-long consolidation across the board. 

We sold a bit of a NEM long into short-term overbought conditions, but are actively scouting other miners for fresh longs. 

Randgold Resources Limited is one such idea, basing very tightly after its winter rally on the daily timeframe, below. Note how GOLD is not yet overbought (upper Band), and is sporting a constructive volume pattern, to boot. 

If the metals and can hold here, especially silver, I suspect we could get more trades out of the miners. 

Elsewhere, WYNN is up on news that the worst may be over for Macau, and that Steve Wynn is going to reinvent Vegas again (I would not bet against that).