GDX, Gold, Silver are expensive looking out 1-3 months
Gold and the gdx are looking for a lower high and have broken down. Silver (which will likely outperform Gold going forward) managed to squeeze out a higher high but is heavily overbought with bearish divergences. Yes, they are going to drop over the next couple months, but looking out 2-4 years my targets remain gdx $100+, Silver $100+, and $5,000+ Gold. The fundamentals almost couldn't be better and these are my long term holdings.
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