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Miners Break Out

Published 05/14/2021, 11:47 AM
Updated 07/09/2023, 06:31 AM

The precious metals miners ETF, VanEck Vectors Gold Miners ETF (NYSE:GDX), has a clear breakout from its downtrend:

GDX Chart.

Gold has been struggling since Aug. 6, but if it can manage to get past that horizontal –  and, more importantly, past its own descending trendline – that should provide more fuel to the rise of miners.

Gold Chart.

Latest comments

Sure looks like the beginning of a head and shoulders formation to me....No offense intended
BTC can, huh?
*fan
Well, I think it still has to break out @ 39 dollars pivot resistance to be safe.
was there any article yesterday where you bought puts on gold ?
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