Chart Of The Day: Gold, Miners Still Moving Up

 | Feb 25, 2016 12:01AM ET

If there's one thing I've learned watching baby bulls, it's that things that look like a top often are not. At first glance, gold's reversal yesterday looks like a top, but as I write this the metal is on the move again.

I expect the miners (via HUI) will test the May high before this intermediate cycle tops.