Monday, 3 April 2017

GDX - miners catching some interest

With the precious metals starting the new month on a moderately positive note, the related miners caught some interest. The Gold miner ETF of GDX settled net higher by 1.7% to $23.21. Mid term outlook remains bullish.

GDX, weekly


With the precious metals leaning upward, the Gold Mining stocks caught some interest. Last week saw GDX cool into end month, but overall price action remained reasonably strong.

Note how the weekly MACD (blue bar histogram) cycle has levelled out, and is now highly vulnerable to beginning a new up cycle that could stretch all the way into the summer - much like last year.
For those with a serious interest in the miners, issue 2 of my Gold Miners report is now available.

For details: