GDX’s price action shows why gold stocks are such compelling investments when everyone hates them.
GDX Mining News
GDX remained well within its consolidation trend channel and is still within striking distance of a major $25 breakout.
The world’s leading gold-stock ETF is nearing a major upside breakout from key technical levels.
Why do you suppose that gasoline prices at stations on the corner near your home generally post the same price? While the companies might contend that their product’s secret additive will make your car run faster, last longer, and cause your love life to be better, most of us cannot tell the difference.
Many analysts focus on the seasonality of Gold and Silver. Why? It plays out most of the time.
Silver has been red hot lately and the silver shares have joined in the fun. Yet, we haven’t seen a corresponding breakout in Gold or in the gold shares (as evidenced by GDXJ and GDX).