GDX - a third week higher

With gold and silver ending the week on a slightly weak note, the related miners followed. The ETF of GDX settled -0.3% at $22.85, but that still resulted in a third consecutive (if minor) net weekly gain of 0.3%. Near term outlook offers weak chop. Things would get interesting if GDX >$23.10.


GDX daily

GDX weekly

Summary

Nothing to add from recent weeks.