GDX Monthly Chart Is Very Positive

The fact GDX is thus far putting in a solid monthly bar higher, and over all the moving averages, while in the face of down trending stochastics, is a very positive sign. I think the bottom is in on the precious metals miners, and those that don’t own them yet will not get many opportunities to buy them comfortably. If GDX gets over the $32 area, it could easily test the all time highs near $60, even blow through that level.