Gdx A Shares Share Price (GDGB)

GDX was trying to break out of recent highs yesterday

Looking much better after Fed comments on a couple interest rate reductions this year.

The GDX is way below the high of 2012 when Gold hit $1800. It’s still decently below the high when Gold hit $2000 in 2020 .. granted these are different times with inflation and dollar strength, higher costs for miners. But, Gold miners within this index will be reporting far higher numbers in 6 to 12 month if Gold price stays up here or higher. Good medium term to long term place for some cash.

Have 500 of these and slowly built up a stake. If it pulls back will add a lot more. I think this hits a high this side of September.

Big main article about gold and good paragraphs on GDX in Barons over the weekend.. Usa probably begins to look at miners again over months ahead

Certainly moving up and I believe through a resistance line.