Both the GDX & GDXJ up 1% overnight, so that should bode well for our favourite prescious metal miners come Monday..
China is also back from a week off, perhaps they will be in a buying mood next week...
Also, net longs on gold increased, so hopefully this is a higher low & its upwards from here into FOMC mid March.
https://m.au.investing.com/economic-calendar/cftc-gold-speculative-positions-1618
Either way, I’m happy to be holding aussie goldies such as EVN, RRL, SBM & NST, considering gold is now averaging near AUD$1,700, and the interim dividends recently announced by all four are fully franked.
Nice capital growth & an income stream.
They have certainly been a better investment for me over the past couple of years than the banks.
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