Tuesday, June 10, 2014

Gold Mining Stocks Finally Bust A Move

This morning, many of the leading gold mining stocks are trading higher at the start of the session. Some of the leading gold mining stocks that are rallying higher today include Goldcorp Inc. (NYSE:GG), Barrick Gold Corporation (NYSE:ABX), Agnico Eagle Mines Limited (NYSE:AEM), and Royal Gold, Inc. (NASDAQ:RGLD). Traders should note that Agnico Eagle Mines Limited (NYSE:AEM) is showing the best relative strength today among the leading gold mining stocks. Agnico Eagle Mines Limited stock will have important daily chart resistance around the $31.60 level, this was an important daily chart gap window resistance area from May 27th, 2014. Gap windows will often serve as important support/resistance levels on the charts.

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Nick Santiago
Chief Market Strategist
www.InTheMoneyStocks.com