Metals continue to shine as gold soars to new highs and with it comes breakouts.. lots of them. That brings opportunity such as the one in GMO which I’ve been highlighting to Gold and Platinum members over the past few days and wanted to highlight it here as well. This speculative gold, silver and zinc miner broke out of the handle formation of a cup with handle formation to new all time highs today with volume that is currently running at 3x the daily average.
One thought on “Trade of the Day – General Moly (GMO) Cup With Handle Breakout”
I’m awaiting Thompson Creek Metals’ NYSE listing in November…their past performance on the TSX in Canada would suggest that’s where we’ll see true breakout concerning moly plays.