Gold miner stocks have just created a pennant pattern. What is a pennant pattern? In short pennant pattern forms when stocks create a series of lower highs and higher lows. Here is a look at GDX Vaneck Vectors Gold Miners ETF notice the price trends starting to narrow. When that occurs history shows we are up for a price breakout.
Here you will see Exxon Mobile forming a pennant then only for the price to breakout.
History shows now is a good time to buy gold stocks. It has been over sold for months and now a pennant has formed signaling a buy.