28Nov1:28 pmEST

Hecla with the Herculean Effort

Equities are still largely drifting in a bit today, with the action hinting at extended conditions combined with a holiday hangover. 

But the precious metals and their miners especially are beginning to wake up, with the notable weakness in Italy and Italian banks perhaps igniting a rotation into gold and her miners. 

As one of our Members astutely noted last week, Hecla Mining has been sporting a better chart than many other gold and silver miners. Specifically, many precious miners are below their 200-day moving averages whereas HL has been basing along its 50-day moving average. So, of just about all precious mining charts I have seen, this one is as impressive as any and certainly worthy of attention is the metals enjoy a further relief rally.

To be sure, gold and silver have more to prove before we can consider them "back" for a year-end rally and beyond. But getting our ducks in a row with the miners who have exuded relative strength during the autumn correction is imperative. 

Short Days and Calm Rotation... Best Cyber Monday Deals


This website is intended for educational purposes only. | © 2021 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site