Loading ...Lots of positives in miners/gold
Lots of positives aligning for gold. Hopefully the fed doesn’t derail this.
First GDX has survived this test (so far) and GDXJ speaks for itself:
Usd/jpy looks like a falling wedge so much more downside potentially ahead:
Lastly gold is in a perfect upchannel and tested it’s 200ma. We could still see one more low but I believe the low in gdxj is in even if gold and gdx need more downside:
I am hoping my JNUG position is a longer term hold here.
Excellent charts, this seems a lot like February, but in reverse.
Agreed. I missed a lot of that move because I kept waiting for a pullback that never came. The miners have held up very well here and gdxj is trying to tell us something.