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Metals 2023-07-10: unchanged "Average" strength rating (5th strongest of 9 levels), previous move was up

Brian Degracia

• 1 min read
Metals 2023-07-10: unchanged "Average" strength rating (5th strongest of 9 levels), previous move was up
Metals and Mining for the trading week ending 2023-07-10. Note Gold and Silver weakness. Whither inflation?

Gold leader Newmont Mining is clearly struggling. Full detail for the past eight weeks by sub-industry is shown below.

Metals & Mining is average strength with Gold and Silver lagging as Aluminum, Nonmetallic Mineral Mining, and Steel & Iron have strengthened.

Leaders and Laggards

Strongest and weakest stocks are shown below.

These are of most interest as the downtrodden are prone to large (if perhaps temporary) pops while the strongest have been the ones leading the charge for the sub-industry.

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