Gold Miners ETF (GDX)

[tootalljones]

excellent article. GDX btw, is at resistance, from May of last year. We can expect it to shortly, in the next day or week or 3 weeks, to punch through this resistance, and then make a very compelling move higher. The path is so obviously upwards. Remember too, GDX may well be now providing downside support. In other words, it may hold its own or go upwards, even during down days in the S and P. .............so either way, the path is steadily higher.

GDX is not a hot item right now, but we are building and building here. It will pick up momo when it punches through this resistance from last May and early June