Approaching Target: VanEck Junior Gold Miners ETF

Update: Approaching Target Range + Trading at a 4 1/2 year high.

It appears that the there is some sort of acceleration of momentum therefore you could consider selling (partially) into strength or continue holding with a trailing stop-loss. Well done to clients who have been participating in the gold run.

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Previous Post: VanEck Junior Gold Miners ETF - Monday, 23 September 2024

• Original Post: https://www.unum.capital/post/vaneck-junior-gold-miners-monday-23-september-2024

• Pre-Market Asian/U.S Trading Session

• VanEck Junior Gold Miners ETF breaking a 14-year downward trend.

• Code: GDXJ

• Time Frame: Medium/Long Term

• Potential catch-up to the underlying commodity trading at all-time highs.

• To trade this ETF, you will need an offshore account.

• Current Level (Last Close): $49.71

• Target Range: $63 to $65

• Stop-loss/invalidated below: $43.50

Lester Davids

Analyst: Unum Capital