Maybe The Miners are Sniffing an Approaching Bout of Weakness in the US Dollar?

ABX-- While YIELD recedes, the precious metals and miners are holding up well, perhaps in anticipation that the US Dollar takes a breather finally? In any case, I received a pop-up notice that ABX is on the "Unusual Call Option Activity" list as of late yesterday.

When we overlay that tidbit of information on the attached near term chart set up, it becomes more intriguing, in that all of the action in ABX since its 10/23 high at 13.73 has the right look of a potentially powerful, high level bullish digestion period atop the Sep.-Oct. upleg from 9.53 to 13.73.

Let's see if ABX can claw its way to and above 13.50/55 resistance, which if successful, will trigger new buy signals that project towards a challenge of multi-month resistance at 13.70/80... Last is 13.19/20

The Model Portfolio is long ABX at 13.02...

12 04 ABX 4 hr 1040 GIF
12 04 ABX 4 hr 1040 GIF

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