Gold Mining Stocks Overextended

The price of gold and gold mining stocks has been in a notable stampede higher year to date. While I do think this trend continues through the intermediate term lens, particularly the gold mining stocks as represented by the GDX etf are vastly overextended and due for a pullback.

Watch the Free Video for the trade setting up in the GDX etf.

Leave a Reply

Your email address will not be published. Required fields are marked *