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TECHNICAL ANALYSIS OF GLOBAL FINANCIAL MARKETS STRATEGIC OVERVIEW OF MACRO ECONOMY & GEOPOLITICS

Senior gold miners GDX to explode 45 – 50% higher within a single month?

Senior Gold Miners GDX has broken out from a year-long formation and approaching a 4-year resistance at $33 mark. This key resistance comes within 4-5% from present price level and once GDX passes it, real fireworks starts. Back in 2020 GDX traded at $45 mark as gold tested $2,080. However, presently GDX is trading at $31 mark as gold is trading at $2,233. The 45% lag to gold's 2020 highs is going to be resolved very quickly once GDX breaks out from a 4-year formation...

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