Late in the ‘current’ gold trade

For buyers of buying gold related equities at current levels, probability isn’t stacked your way.

“They” are closer to being a sell, than a buy.

If expressed in the form of the GDXJ (Van Eck Junior Gold Miners ETF), I think I’ll be able to buy it 25% cheaper than todays $42.67.

And be careful of historical charts showing where prices “once came from” and phrases such as ‘breakouts’ and “resistance lines”, whether its monthly or weekly or daily or hourly………

Caveat Emptor!

April 30, 2024

by Rob Zdravevski

rob@karriasset.com.au