Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Gold Miners: Refuge From the YOLO and FOMO Frenzy and more

In today’s briefing:

  • Gold Miners: Refuge From the YOLO and FOMO Frenzy


Gold Miners: Refuge From the YOLO and FOMO Frenzy

By Cam Hui

  • If you are concerned about the YOLO and FOMO frenzy in the stock market, you may wish to consider gold and gold mining stocks as refuges.
  • The technical pattern for gold is constructive, but not unabashedly bullish. 
  • Gold miners appear to be washed out against gold and present the best opportunity for gains in the next 6–12 months.

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