Kimble Charting Solutions: Are Gold Miners Breaking Out?

July 9, 2019 Bob Weir Industry, Kimble Charts, Mining - Precious Metals, Technical Pundits

Kimble provides the following chart of the Gold Miner ETF, GDX.

GDX tried to break out three times in 2016-2017 and then retreated to reach a low in Q3/2018. It then rebounded and is back retesting those former highs at the resistance line. A break-out above resistance  would be very positive.

If you want to read the entire article, click HERE.

About Bob Weir 3002 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).

Related Articles

Endurance Gold - Reliance Gold Project
Endurance Gold

Endurance Gold – Site Visit Report on the Reliance Gold Project in B.C.

November 6, 2020 Chris Thompson Endurance Gold, eR Reports, Mining - Precious Metals, Trip Reports

Historic drilling, the summer program chip sampling & surface grab sampling results, and airborne survey illustrate the potential for a mineralized gold system over 2.5 km long and a vertical extent of at least 400 m, and is open along strike in both directions. Recent channel sample highlights include 5.89 g/t Au over 31.5 m and 6.29 g/t Au over 13.4 m. [more]