Tag: #GDX
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GDX Breaks Out: Why Gold Miners Might Be Gearing Up for a Bigger Move
This week, I’ve been watching GDX — the VanEck Gold Miners ETF — and it’s looking pretty interesting. GDX is a popular way to get exposure to gold mining stocks, which tend to react more strongly to changes in gold prices than the metal itself. Why? It comes down to operational leverage. Gold miners have…
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Technical Breakdown of GDX: Testing Resistance Levels
The gold miner ETF (GDX) has been moving within a well-established trend channel since 2015. Let’s break down the charts to understand where it might head next. Monthly Chart: The Big Picture Since 2015 Looking at GDX’s monthly chart, we see a steady upward trend channel framed by a green area at the bottom (support),…
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Gold Miners at Support
We’ll take another deep dive into GDX, the gold miner ETF, this week. We discussed GDX in an article we posted on X on the 29th of May. In the article, we suggested a correction would occur, and that prediction came true. Are you wondering when to buy the gold miner ETF as an investor?…