GDX weekly
GDX daily
Summary
Suffice to add... short term a little mixed, not least as Gold is yet to break above the decisive $1400 threshold. Most favoured miners: Newmont Mining (NEM), and Barrick Gold (ABX).
Friday, 20 April 2018
Miners cooling with gold
With Gold settling moderately lower for the week, the related miners followed. The gold miner ETF of GDX settled the week on a significantly negative note, -1.5% at $22.71, resulting in a net weekly decline of -0.8%. Near
term
outlook is offering renewed upside. Things turn decisive if Gold
>$1400,
which would
offer hyper
upside in GDX to $50 by mid 2019.
GDX weekly
GDX daily
Summary
Suffice to add... short term a little mixed, not least as Gold is yet to break above the decisive $1400 threshold. Most favoured miners: Newmont Mining (NEM), and Barrick Gold (ABX).
GDX weekly
GDX daily
Summary
Suffice to add... short term a little mixed, not least as Gold is yet to break above the decisive $1400 threshold. Most favoured miners: Newmont Mining (NEM), and Barrick Gold (ABX).
