Gold Miners ETF (GDX)

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»» Gold for the Week of 9/21/2020 ««
By: Marty Armstrong | September 21, 2020

Gold has also dropped sharply here during the week of 9/21/20 dropping to the 1885 level. The last low was 1865 which interestingly is the same number technically for support this week. Gold has been trading with the stock market and has been forming a very tight sideways wedge. A break of the last key low of 1865 would imply a drop to retest the 1805 level and for a more sustained decline ahead, we need a daily closing below 1805.

There is also a risk of a high being in place which would be a 21-year high. We will lay out the prospects for gold in the face of this very serious attempt to use climate change and fake virus pandemics to impose this Great Reset.

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