Gold Miners ETF (GDX)

[DiscoverGold]

Jack Chan: Gold Price Exclusive Update
By: Jack Chan | April 15, 2023



Our proprietary cycle indicator is UP.

To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.

Investors

Accumulate positions during an up cycle and hold for the long term.

Traders

Enter the market at cycle bottoms and exit at cycle tops for short term profits.



GLD is on short term buy signal.



GDX is on short term buy signal.



XGD.to is on short term buy signal.



GDXJ is on short term buy signal.

Analysis



Current data supports overall higher gold prices.



Our ratio is on buy signal.



Trend is DOWN for USD.



Trend is UP for gold stocks.



Trend is UP for gold.



Our ratio is at resistance.



GDX has support at $33.

Summary

Gold sector cycle is up.

Trend is up.

$$$ We are holding long and short term positions.

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