By Daily Crux Editor Justin Brill:

Gold and silver mining stocks are headed higher. That's the takeaway from today's report by John Roque, managing director in technical analysis at WJB in New York.

The report shows that a key technical indicator, "the cumulative advance-decline line," in the Philadelphia Stock Exchange Gold and Silver Index is sending a strong signal this month's rally in gold and silver mining stocks will continue.

The cumulative advance-decline line measures the number of daily gains minus the number of daily losses in the index, also known as market breadth, and has been making new highs this week. According to Roque, “The new high in breadth is a positive divergence and implies that many of the stocks in the index should follow."

The report suggests the stocks likely to rise the most include Barrick Gold (ABX), Agnico-Eagle Mines (AEM), Kinross Gold (KGC), and Rubicon Minerals (RBY).

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