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 trading analysis of the markets with simple trend trading strategies.

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