Is the Gold Miners ETF Ready to Blast Off Higher?
Chris Kimble | Apr 02, 2024 21:57
Just as everyone is fawning over Bitcoin and stocks at all-time highs, Gold has quietly made all-time highs. And, just as we wrote earlier this week, that may be a good thing for Gold bulls.
Today we turn our attention to the gold miners etf (NYSE:GDX) and look at a “monthly” chart.
As you can see, the gold miners have been stuck inside a narrowing pattern for the past couple of years.
With gold making new all-time highs, it may be a matter of time before the gold miners stocks and etf (GDX) breakout.
And once a breakout takes place, a large move should follow. Stay tuned.
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