CLICK ON CHART TO ENLARGE

Gold Stock ETF (GDX) is now trading at the same price it was back in December of last year and yet Junior minors ETF (GDXJ) remains almost 15% lower, during the same time frame.  If you purchased GDX just before Christmas last year, it has been pretty much dead money, despite Gold climbing over 20% in value ($400 per oz.).

The situation with GDX is going to get very interesting due to Gold facing key channel and Fibonacci resistance (see $1,900 Gold resistance) and GDX up against line (1), at the same time.  A breakout above (1) would be a positive for GDX, since it has been inside of a trading range now for almost 9 MONTHS!

Gold stocks have reflected relative weakness compared to Gold for almost a year…if long the Gold stocks, don’t harvest at this time, yet do put protection in place ASAP.

Get All of Our Weekly Research

Kimble Charting Solutions’ weekly combo lets you save on all of our weekly research

Learn More

New site launch promotion! Lock in our previous pricing until 8/31/2016.