Dear Copiers,
๐๐ช๐๐๐ ๐ฅ๐ค๐ง๐ฉ๐๐ค๐ก๐๐ค ๐ช๐ฅ๐๐๐ฉ๐ โ ๐๐ฟ๐
GDX is currently ๐ค๐ช๐ง ๐จ๐ข๐๐ก๐ก๐๐จ๐ฉ ๐ฅ๐ค๐จ๐๐ฉ๐๐ค๐ฃ (~1.1% of invested capital) and is showing a loss of approximately -19%.
Last week, GDX printed ๐ ๐ฌ๐๐๐ ๐ก๐ฎ ๐ก๐ค๐ฃ๐-๐ก๐๐๐๐๐ ๐๐ค๐๐ ๐๐๐ฃ๐๐ก๐ โ a classic ๐จ๐๐๐ฃ ๐ค๐ ๐๐ฃ๐๐๐๐๐จ๐๐ค๐ฃ ๐๐๐ฉ๐๐ง ๐ ๐จ๐๐๐ง๐ฅ ๐๐ค๐ง๐ง๐๐๐ฉ๐๐ค๐ฃ from $117 down to $73.
Bulls and bears are fighting it out at this level.
๐๐๐๐จ ๐ฌ๐๐๐ '๐จ ๐๐๐ฃ๐๐ก๐ ๐๐ก๐ค๐จ๐ ๐๐จ ๐๐ง๐ช๐๐๐๐ก.
A strong bullish close would signal a potential reversal.
$73.63 remains the key support level to watch.
๐๐ ๐๐ค๐ก๐ ๐ฉ๐๐ ๐ฅ๐ค๐จ๐๐ฉ๐๐ค๐ฃ ๐๐ฃ๐ ๐ข๐ค๐ฃ๐๐ฉ๐ค๐ง ๐๐ก๐ค๐จ๐๐ก๐ฎ
$GDX (VanEck Vectors Gold Miners ETF)$GLD (SPDR Gold)... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
A small position is being kept unchanged, with a steady, rules-based approach that focuses on consistency over reacting to short-term price movements.... Show More
.
We use our own and third-party cookies on our websites to enhance your experience, analyze traffic, and for security and marketing. For more info, see our Cookie Policy or go to Manage Settings.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
More information
Manage Consent Preferences
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Cookie List
label
ConsentLeg.Interest
label
label
label
Wed Aug 12 2026 12:57:46 GMT+0000 (Coordinated Universal Time)
