Gold Miners ETF (GDX): The more spot gold can hold above 2000,...

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Thursday, 02/08/2024 10:34:20 AM

Thursday, February 08, 2024 10:34:20 AM

The more spot gold can hold above 2000, the confidence in the miners will start to grow...and now it looks like the POG has strong support at 2020......We could be in a position where the miners simply start to slowly inch up as investors start to believe they can make real money. POG at 2300 and they are doing well, but at 2700 they are cash machines....I think gold at 2500 will be the clarion call. GDX explodes from 50 to 70, and so forth...

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