Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Gold Miners Spring to the Upside


After nearly breaking key important support yesterday at 43.75/70, the Market Vectors Gold Miners ETF (GDX) has recovered strongly by 3.3% as it climbs off of its prior upside breakout plateau of 44.00-43.60.

The ability of the GDX to take out Monday's initial breakout high at 45.34 will be a very positive sign of technical strength that projects towards 46.50-47.00.

At this juncture, only a failure to hurdle 45.34 followed by another reversal that violates 43.70 will wreck the strengthening near- and intermediate-term pattern.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!