Gold Miners ETF (GDX)

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>>> Gold’s Struggles Could Last Through End of June
By Almanac Trader | June 16, 2017



Yesterday’s post identified June as gold’s (continuously-linked, non-adjusted, front-month futures contract) second worst performing month of the year based upon average performance. Today’s preliminary settle price from the CME Group has the shiny stuff down $21.30 per ounce (–1.67%) today, in line with June’s history of weakness. Based upon the chart above of gold’s past performance, presented on a trading day basis, gold is likely to continue to trade in a choppy sideways to lower pattern for the balance of the month. If gold follows the path of past post-election years, it could finish June with losses approaching 3% and near the lows of the month.

http://jeffhirsch.tumblr.com/post/161864267508/golds-struggles-could-last-through-end-of-june

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