Friday, December 9, 2022

Miners Are Teetering |


Yesterday, I bought some puts on GDX (NYSE:), the precious metals mining ETF. So far, so good:

Here is GDX. There is no breakdown yet, but if it slips below that horizontal, look out below.

GDX Daily Chart.

GDX Daily Chart.

The junior miners, symbol GDXJ, looks virtually identical, and the same argument holds for that horizontal support line.

GDXJ Daily Chart.

GDXJ Daily Chart.



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