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.