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.

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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).