Chart 1: GDX Monthly
The monthly chart boils everything down to a few key insights.
GDX has very important resistance at $30-$31 with support just a tad below $25 and also around $23.
I sketch one scenario of how the future could evolve. The measured upside targets are $45 and $50. I expect the move to a breakout will begin sometime in 2020. The Fed will resume rate cuts or let inflation trickle higher.
TheDailyGold Premium #639
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We published TDG #639, a 21-page update on Sunday early AM.
This update includes a report on one of our favorite exploration companies. This company has significant potential. It has already made one discovery and has outlined several other excellent targets. The stock has corrected and I expect it could correct more. I give a clear buy price target, which is at key support. This company has a chance for a big 2020.
Meanwhile, we also note buy price targets for 3-4 other companies. Some high quality juniors are selling off and that means a buy opportunity for new money and those that don't own a position.
I currently expect precious metals to correct and consolidate for beyond a few months. Thus, buying some now and buying more later makes the most sense in most cases...unless one of your absolute favorites gives a great entry point.
There is no doubt for the quality of work and expertise that we share this is the best value service you are going to get. Other services charge hundreds or even thousands of dollars and could give less of a shit about their subscribers. Without my subscribers I would have nothing. I work very hard to earn their trust. I look forward to you coming on board.
