Last week GLD (Gold) gained +1% and GDX (Gold Miners) +7.5%. So, is this the start of a move or just a bounce in a downtrend? Let’s examine both relationships charts and stand along charts of GLD & GDX. GLD vs SPY GDX vs SPY Takeaways: GLD price is now above the major Moving Averages (50d, 100d, 200d) compared to SPY, and GLD has been basing vs SPY over the last 6 months
Gold / Miners getting ready to shine, or?
Gold / Miners getting ready to shine, or?
Gold / Miners getting ready to shine, or?
Last week GLD (Gold) gained +1% and GDX (Gold Miners) +7.5%. So, is this the start of a move or just a bounce in a downtrend? Let’s examine both relationships charts and stand along charts of GLD & GDX. GLD vs SPY GDX vs SPY Takeaways: GLD price is now above the major Moving Averages (50d, 100d, 200d) compared to SPY, and GLD has been basing vs SPY over the last 6 months