Gold miners breakout
Gold has risen over the last year due to the pandemic, inflation due to excessive money printing and now the conflict in Ukraine.
GDXJ - the junior gold miners have broken out of their down trend channel and has retested. Once the price of gold hold up there should be a lot of upside potential for gold miners. If they can control the cost of extraction then they will be able to enjoy a healthy spread on sales.
As always this is not investment advice and you should always practice good risk management.
GDXJ - the junior gold miners have broken out of their down trend channel and has retested. Once the price of gold hold up there should be a lot of upside potential for gold miners. If they can control the cost of extraction then they will be able to enjoy a healthy spread on sales.
As always this is not investment advice and you should always practice good risk management.
Penafian
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