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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

4:00 PM EST

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To: Rarebird who wrote (109327)	12/26/2018 4:50:23 PM
From: stuffbug	Read Replies (1) of 116753

RB, the resumption of the gold bull (that began in Dec 2015) occurred months ago. Doesn't make much sense to me to attempt to fit current price action with seasonal patterns. Gold is 4 months into a bullish trend. The GDX is up approx 20% from its Sept low and there is still some tax-loss selling. In Q1 2016, there was zero tax-loss selling. Dec 2015 - Gold low at $1045 (futs) Jan 2016 - secondary low at $1071 Dec 2015 - GDX low of $13.30 Jan 2016 - new GDX low of $12.40 --------------------------------------------------------------------------------------------------------- Aug 2018 - Gold low at $1167 (futs) Sept 2018 - secondary low at $1184 Aug 2018 - GDX low of $18.15 Sept 2018 - new GDX low of $17.28

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