GDX – VanEck Gold Miners ETF
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:
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