It's an exciting time to be involved in the Precious metals sector.
After a 7-month long correction Gold and Silver have returned to bullish action in what appears to be a new uptrend.
Gold rose above its 200-day moving average last week as the uptrend accelerated. This impulsive price movement may have reached a temporary high today as it spiked up to $1912 and then retreated below $1900.
Most mining stocks are following the metals higher with some miners outperforming the sector by leaps and bounds. For example, New Found Gold has more than doubled in the past two months.
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