Six days ago I published a chart and asked this question:
Are metals prices ready to surge even more? XME-suggests yes.
The SPDR S&P-Metals and Mining ETF-offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap. (end of recap).
The XME-has indeed experienced an upside breakout. I believe the upside target still remains $35.00-$37.00 in the next 100 days.
For the complete technical report, go to the chart for-XME that I submitted six days ago.
I would like to close with this quote from John F. Kennedy:
"Change is the law of life. And those who look only to the past or present are certain to miss the future."
Happy trades to you. Don.
Are metals prices ready to surge even more? XME-suggests yes.
The SPDR S&P-Metals and Mining ETF-offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap. (end of recap).
The XME-has indeed experienced an upside breakout. I believe the upside target still remains $35.00-$37.00 in the next 100 days.
For the complete technical report, go to the chart for-XME that I submitted six days ago.
I would like to close with this quote from John F. Kennedy:
"Change is the law of life. And those who look only to the past or present are certain to miss the future."
Happy trades to you. Don.
