Mark Newton on Gold/Silver Miners

Gold/Silver mining has moved to #3 of IBD 197 Sector rankings, while near-term momentum has gotten stretched, longer-term technical structure remains quite supportive that this rally continues into October.

FOMC easing, Dollar weakening Central Bank buying is a powerful combo

@IBDinvestors @marketsurge #IBDPartner

Love seeing these long-term bases exceeded which happened two months ago- @Fundstrat clients have seen our bullish notes on Gold and Silver for most of this year, but this larger trend breakout keeps the Miners still quite attractive, despite being Overbought