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Its been a great couple of years for the gold miners! Well we all know that’s not the truth. It has been a great couple of months for them though, as $GDX is up 25% YTD. I shared with members the first of the year that miners looked to be creating a double bottom and ETF Trends shared that a “Generational Low” could be in place (see article here)
The 25% rally has pushed these mining index’s above their 200MA for the first time since 2012 and up against the top of their steep falling channels. A breakout from this channel would be the best news the miners have seen in a few years.
Members have been long this index for a while now and we have a specific plan in place. If you feel you could benefit from this type of research I would be honored to have you as a Member. You can have this research mailed to you for as little as $1 a day.
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