Gold Miners Index trend investing update 08-07-2020

The Gold Miners Index (GDM) trading today at $1,198 down apprx. 7% from the high on July 5th of $1,271.97. The index is trading well in excess of our benchmark trend filter of 20% annualized rate of gain over a 200 day moving average. Looking at trend line analysis over the past 128 days, there is support at (lower trend line) at $1,82.

Blog comments welcome.

Gold Miners Index (GDM)

Published by Trendanomics

Trend investing the markets with simple trend following strategies.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.