Is the GDX Finally Going to Bring Down GLD or Not?

The chart below shows that the GDX is coming down to retest its recent breakout above 56.74, which was the high in 2008. Note that prior failed breakouts of GDX have BROUGHT DOWN GOLD (GLD) consistently. (Read my other posts on this over the past couple of weeks on my website blog and feed pages.)

The chart below explains the situation:

Will the GDX Breakout Fail and Bring Down Gold (GLD)?

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You can review the downside targets for various indices here:Market Timing Blog at

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1 Response to Is the GDX Finally Going to Bring Down GLD or Not?

  1. SunAndStorm says:

    Make sure you don’t miss my post on my site about REIT’s. It is KEY info on the state of Commercial Real Estate. This is the link:

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