GDX, daily
GDX, monthly
Summary
Near term looks weak for the mining stocks - as it does for Gold/Silver prices.
Mid-term could be offering a significant low, but the mid-teens for GDX remain a very viable target sometime in 2014.
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Monday, 2 December 2013
GDX - Miners keep on digging deeper
Whilst the main indexes saw minor chop, the real action today was in precious metals and the miners. With metal prices significantly lower, it was no surprise to see the miner ETF of GDX fully negate the Friday bounce, closing -6.3% @ $20.88.
GDX, daily
GDX, monthly
Summary
Near term looks weak for the mining stocks - as it does for Gold/Silver prices.
Mid-term could be offering a significant low, but the mid-teens for GDX remain a very viable target sometime in 2014.
-
GDX, daily
GDX, monthly
Summary
Near term looks weak for the mining stocks - as it does for Gold/Silver prices.
Mid-term could be offering a significant low, but the mid-teens for GDX remain a very viable target sometime in 2014.
-
