Gold miners - laggards in a rally
Updated
Gold is rallying very hard, and the GDX Gold miners ETF is lagging behind. It is only a matter of time before it catches up, and is already beginning that catch up journey. This morning, it is up 1.5% and launching off, after a higher low bounce off a support region (grey box). Technicals are supportive, as is correlation to Gold prices. The MACD crossed up after consolidation. By next week, it should be breaking out over the trendline, and upside is >15% to target.
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