The gold miner is a little stretched to the upside at the moment, but should present a buying opportunity on a modest pullback.
The wildcard on today's employment data will be if the sudden slowing of growth in manufacturing employment is emblematic of a broader problem.
Precious metals could rally a lot more if the U.S. dollar weakens.
Let's check out the charts and indicators this afternoon.
Shares of the related companies are struggling, which can be the norm for investments in out-of-favor businesses.
Alaska Has Aussie Miners' Attention
Investment capital is flowing into gold stocks and Frank Holmes, CEO of U.S. Investors, said that this may be due to peak gold.
A 'Great Depression 2.0' would see investors stockpile safe-haven assets.
Gold has been held back by a stronger U.S. dollar but the yellow metal could get a boost if the Federal Reserve reigns in on rate hikes, this according to Chris Mancini, research analyst at Gabelli Funds.
Let's go over how the market is looking today.