VanEck Gold Miners ETF (GDX)

Short Term Elliott Wave View in Gold Miners ETF (GDX) suggests rally from 12.30.2024 low is in progress as an impulse. Up from 12.30.2024 low, wave 1 ended at 38.2 and dips in wave 2 ended at 36.84.

PAXG and XAUT are hitting record highs, outpacing Bitcoin’s gains amid a surge in gold prices driven by trade war tensions between China and the U.S.

Seasonality has turned bullish and last into Mid February. The TRIN closes are at high levels near current prices suggesting support.

The Gold/Silver ratio since March 2021(then 66x) has climbed up and away from its century-to-date average which today is 68.7x versus the actual ratio now of 87.8x.

Gold ratios such as those to Oil/Energy and Copper/Industrial metals are trending up, and that is not good for the formerly inflated economy.

Gold’s monster upleg over this past year or so has proven remarkable, overcoming plenty of serious challenges.

Valuations in gold mining stocks remain cheap compared to the precious metal which is currently nearing new all-time highs. 

Gold offers diverse investment avenues, from tangible assets to mining stocks and ETFs, each with unique characteristics for different investor goals.

7 potential major breakouts in precious metals that could occur in 2025.

Gold hits record high above $2,790 on dovish central bank moves and demand from safe-haven seeking investors. Fed holds rates steady but hints at potential cuts.

Yesterday’s gold market action was disappointing, but from a technical perspective the recoil from the $2790 cash market highs was expected and normal.

Some of gold’s most-volatile days erupt after monthly-US-jobs data is released.

Gold Miners are trading at 6.4X FCF the lowest multiple since at least 2015.

Gold’s breakout from a 13-year cup-and-handle pattern should have been more significant for the precious metals sector.

Gold surged to $2,760/oz on Jan. 22, fueled by geopolitical tensions and central bank demand. Gold miners lag behind but may catch up soon.

Gold’s third arrival at the $2720 marker could be the last one before a surge higher begins, and Stochastics also tends to be overbought when such a key breakout is at hand. 

Trump's first day in office saw executive orders on immigration and energy, withdrawal from global agreements, and tariff threats. Market reactions varied.

Gold has rallied back close to its all-time high and closed $6/oz off its all-time weekly high.

2025 could be more significant because Gold and the precious metals sector is on the cusp of more meaningful breakouts in 2025.

Metals market volatility leads to optimism for V-shaped recovery. JPMorgan analysts suggest China's stimulus could boost sector. Accumulate oversold miners for strategic investment.

Market may attempt a rally this week but does not have enough energy (panic) to go far. A stronger low may come late this month according to seasonality.

Gold and Silver had a strong week while the miners showed less strength. We see a bit more strength before metals and miners retreat from resistance again.

The real deals right now are in the gold mining companies which are the most undervalued.

The gold stocks, which were very oversold have begun a bounce. The metals too.