ABX is the leader of the pack as it is one of the biggest and most famous gold miners and widely known for being owned by Warren Buffet. It is also the biggest component of GDX ETF.
Today, the priced retraced and crossed the 38.2 FIB at 16.76 and immediately jumped up above 17. If this continues up and not cross below this level again, it will probably lead the way out of the correction for the rest of the miners as well.
Today, the priced retraced and crossed the 38.2 FIB at 16.76 and immediately jumped up above 17. If this continues up and not cross below this level again, it will probably lead the way out of the correction for the rest of the miners as well.
Comment:
Correction; G. Soros :D
Comment:
It is definitely over. Next project will be to try to determine when it will top.