Relative to physical, this junior gold proxy underwhelmed investors last week. The disappointment was palpable on Friday, when GDXJ opened just off the previous day’s high and traded slightly above it, only to fail by 10 cents to surpass a distinctive ‘external’ peak at 35.26 recorded back in August. Will it make amends by impulsing above the peak on Monday? Any less would be a discouragement, since buyers shouldn’t need a running start from lower levels to accomplish this unchallenging feat.
GDXJ – Junior Gold Miner ETF (Last:33.59)