I believe that price action will go up to 1st resistance on chart, which is $31.00 this year or more, then continue to $40.00. This will be 2nd major on this GDX . On chart last two weeks have been and now both 50 ma & 100 ma are in right order to start a now.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The fund normally invests at least 80% of its total assets in common stocks and depository receipts of companies involved in the gold mining industry. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver . The fund is non-diversified.