Gold Miners ($GDX) consolidate in a larger uptrend

This helps you keep the recent sideways-to-down action in gold miners in context.

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Probably my last chart for this week. I'm off to check out a silver mine in Mexico. Cheers!

Picking Gold charts for Upcoming Sprott Resource Conference

I am weighing whether I should include this chart when I speak at the Sprott Natural Resource Symposium on July 27th. The chart shows that the rally in gold (in euro and Canadian dollar terms) began much earlier than the rally in U.S. dollar terms.

The Canadians know this, of course. But how many U.S. citizens who don't know this will be there?



(Updated chart)

But even the mighty greenback couldn't hold back the golden tide forever, could it?

(Updated chart)

There are good reasons for this, which I'll explain in my presentation. See you there.

Gold Breaks Out

Here's an updated gold chart for you.





(Updated chart)

My target remains $1,519. Good luck to us all.