06Mar1:43 pmEST

Y'Know, Artie: I'm Not Gonna Be Able to Lend You Money for Less Than Two Points

With gold and gold miners back in play today amid a solid rally in the precious complex, we could easily be witnessing yet another in a long line of one-off teases which quickly craps out. 

However, it is worth noting that the GDX, ETF for senior gold miners, is gapping up and away from the $21 level, a prior and significant area of support which bears were eagerly hoping failed miserably this time around. 

And if gold bugs can build on today's gap higher as the U.S. Dollar slumps, we may be in for a surprise move after what has been rather tedious price action in the precious complex for a while now. 

One idea to keep in mind is Sandstorm Gold, below on the daily chart. While there are a few gold miners sporting a bit cleaner technicals, SAND is worthy of our attention as it presents an interesting angle in the gold mining space, reminiscent of practices seen in the oil & gas arena.

Specifically, Vancouver-based SAND provides financing for precious metal mining firms in the form of a "gold streaming" transaction where an upfront cash payment is exchanged for a percentage of gold production from the mine.

Whenever gold and gold miners stage a new bull run, SAND stands to be a leveraged way to benefit. Obviously, in a bearish climate the stock is liable to get pounded.

But with SAND operating above a rising 200-day simple moving average on top of the sector-wide rally today, I am taking a closer look at this one on the long side throughout the rest today's session and the rest of this week. 

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