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Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights a significant technical shift for gold miners. He states that a 40-year resistance level has now become a major support, describing this as a technically bullish signal for the sector.
Costa has previously flagged breakout potential in the mining sector. He reported that copper miners led gains in a recent metals and mining ETF breakout. In an earlier note, he highlighted that silver miners were approaching a breakout as selling prices far exceeded production costs. These observations reflect ongoing attention to technical signals across metals and mining industries.