Gold has broken out of a major resistance levels with longer term indicators projecting more gains after consolidation. All 7 of our gold mining stock picks from May 20 through June 3 are gaining. The smallest gain, at 6%, is on the GLD ETF, added June 3. The mining stocks added June 3 are up from 11% to 18%, while the May 20 and 28 picks are up 51% and 42%. I am recommending protecting those gains by raising trailing stop levels.
This report covers the short to long term technical outlook for gold, and for gold mining stocks, along with recommended trading strategy.
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