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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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From: Rarebird	1/12/2018 9:59:50 AM
	Read Replies (3) of 116796

A close well above $35.12 for GDXJ and $23.75 for GDX would do wonders for the confidence of gold mining investors. Sure, there's been a flood of insider buying by top executives at the Canadian Gold Mining companies. But investors here in the USA are very skittish. It's a lot easier these days to make a quick score in the major US indices and common stocks rather than gold/silver mining - though the prospects intermediate and longer term are much more favorable in the precious metals sector. Plus, equity blow offs and gold mining are not usually the best partners - though they have both peacefully coexisted before.

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