GDX All-Time Closing High On Monthly And Weekly Charts

GDX broke out with force into new all-time highs on the longer term charts. One by one these miner etfs are going to follow each other to new historic highs, what.a change from a year ago. It’s still not too late, there is no bull like a bull market in precious metals miners! Gold and silver are breaking out as well, lending on going support to the extended rally in miners.

Looking forward to other trade setups, it still feels too early to short technology stocks including semiconductors, but maybe after we get the FOMC rate cut in a few weeks? Same with bitcoin, its looking vulnerable and when the die-hard fans of crypto realize they no longer double every time they go up, or worse, they go down big percentages and don’t bounce back like they used to, they very well could run to the best performing sector in the world today. There wreckless buying to cahse performance could be exactly that puts the finishing touches on this precious metals bull.