Bullboard - Stock Discussion Forum VanEck Gold Miners ETF GDX

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. The index is a modified market-capitalization weighted index primarily comprised of publicly... see more

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VanEck Gold Miners ETF > Chart

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Post by 99942Apophis on Sep 07, 2023 1:19pm

Chart

Is that a descending wedge pattern emerging? Looks appetizing.

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Comment by 99942Apophis on Sep 24, 2023 10:40pm

If we fall below $28.25 this week then the descending wedge continues, fun times ahead.

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Comment by 99942Apophis on Oct 02, 2023 1:14pm

The descending wedge is far from over. It does show a continuation for the upcoming week and a reverse to its descent is a probability with an uptick to maybe cross back to the $26 dollar range or at least to hold in its current range. I can't see where it will finally end but $23 to 24 might be the final point of fall, in my opinion a contributing factor lays on the shoulders of those right ...more

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Comment by 99942Apophis on Oct 11, 2023 5:02pm

The descending wedge has turned into a strong bull push glta.

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Comment by 99942Apophis on Apr 03, 2024 9:56pm

Hard to believe is that because of China aggressive buying of gold, it will continue to rise. Once again we could be witnessing " the gold rush" of the 21st century, gotta love it. I can see a few pauses along the way but not enough to slow "er" down, if I do I will try to give notice however I must admit difficulty in reading politicians minds.

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VanEck Gold Miners ETF