Leading gold and silver stocks performed well on Monday while top-ranked stocks in other sectors struggled, according to Investor’s Business Daily.
More than a dozen stocks in the gold and silver group have a Composite Rating of 99, the highest ranking possible. The Composite Rating combines all five of IBD’s ratings into a single number.
Royal Gold (RGLD) has a 99 Composite Rating and also gapped up to a fresh high on Monday, adding 4%, or 3 points, to reach 73 in 58% higher than usual volume, IBD reported. RGLD is 17% past IBD’s 62.43 buy point after breaking out on July 12 when the market was already under pressure.
Silver Wheaton (SLW) jumped 5%, or 1.81 points, to 40.25 in slightly quicker trade, according to IBD. Silver Wheaton also carries a 99 Composite Rating.
RGLD is a Cabot Top Ten Trader stock. SLW is a Cabot Benjamin Graham Value Letter stock.
