GDX/SPX

2019年6月23日

GOLD mining shares about to lift off?

Concerns: things to take in account

Iranian tensions in the market?
Us dollar weakning on talk of rate cuts in July?
World dollar shortage?
Increase in oil price sucking up dollar liquidity.
Chase to safety which will also increase the dollar price..

Gold and the dollar could both go up from here..

Needs to first break the first purple line /resistance and sat above it
Is silver failing to confirm the breakout?

Long Silver!