GDX tracks the overall performance of companies involved in the...

GDX tracks the overall performance of companies involved in the gold mining industry. Broad exposure to the largest gold-producers around the world with one trade on ASX. ASX: GDX is the first gold miners ETF on ASX representing a diversified blend of small, mid and large capitalisation stocks.

The graph clearly shows a breakout with two gap ups. These may close down to fill, but are pretty positive and could become run away gaps given changes to international settlement due soon. Gaps above 150 sma indicate strong uptrend developing. BAR timing is just right for gold and I expect maybe a few wiggles around the market makers control line in the BAR graph above as the other sector indicators look strong now. All about risk and reward. The company is now actively mining. No brainer to me. Stakeholders playing casino games at the moment. The TA is pretty compelling and if people care to research the grades will be sound too. Fundamentals are the best indicator. Partnership JV sorts the finance.