The majors index GDX has had 8 days now to decide if it’s going to continue to lead the metal higher but so far it’s been flat, allowing gold time to catch up – a bit. Between this leveling action and the recent (mini) shooting star in gold daily, I’m selling a chunk of majors today in my 401k (mutual fund) and will be looking to re-buy around $37.25-$37.50 – I may get partially bucked off here but so be it.\u00a0 I do not see a\u00a0 a steep shoot up in Gold yet (as had started in July 17 ’20) launching from here at 1,895 but rather closer to the $1,851-$1,861 area – or perhaps gold could just trade sideways from here for a few weeks before launch, (see first half of July ’20).\u00a0 I know Fully, too many lines – but those are for my working trend chart, not solely for the point of this post, just my novice $0.02.<\/p>\n
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The majors index GDX has had 8 days now to decide if it’s going to continue to lead the metal higher but so far it’s been flat, allowing gold time to catch up – a bit. Between this leveling action … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2021\/05\/Gold-daily.jpg\")
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