Precious metals have been on fire this year.
BUT recently, one stock has literally been shot out of a cannon higher: Royal Gold (NYSEARCA: RGLD).
This stock broke out with a significant series of 3 higher highs.
This sets the stock up for a potential buy the dip scenario if we see a near-term pullback.
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$RGLD Royal Gold Stock Chart
We’ve seen a very strong breakout that should create important support at $205. As long as that holds, this rally should remain bullish.
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
