Gold's Big Leap Nears Key Resistance

Source: Rick Ackerman Published on Friday, June 21 2019
Related articles and keywords:   Gold - Key
Bullion’s powerful rally this week has kicked this popular mining-stock vehicle into high gear. I haven’t tracked it in quite a while but aim to do so now, provided it remains feisty and interesting. In that regard, GDX looks like it’s about to ratchet up the interest-level, although not in a way we might have preferred. Notice that Thursday’s energetic short-squeeze brought the ETF within inches of a target at25.58. This Hidden Pivot resistance can be used as a minimum upside objective for now,
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