It’s been interesting comparing all the stocks and various instruments to trade gold and compare charts the past couple of months. All seem to be pointing to a significant reversal to the multi-month downward trend to a bottom found a few weeks ago.
GDX is a good example of something potentially starting to break up, slightly behind ASX miners and the XGD. Will be interesting to see if it follows through.
5 year / 2 year log weekly charts below.
The Vaneck ETF includes:
