Monday, 21 April 2014

GDX - miners on the slide

With weak precious metal prices - and a merger unravelling (Barrick/Newmont), the miners started the week on a weak note. The miner ETF of GDX, started the week with declines of -0.25% @ $23.51. Near term outlook is bearish.

GDX, daily


The near term outlook is indeed weak, and the only issue is when..not if, the 2013 low is going to be taken out.