A few weeks back, two gold mining ETFs made it to the top 10 of the StockCharts Technical Rank (SCTR) Report, and they’re still holding strong. Given the low trading volume in these ETFs, a more tradable alternative is the VanEck Vectors Gold Miners ETF (GDX), which still has a high SCTR (pronounced “scooter”) score. As of this writing, it’s at 98. Looking back, how did GDX perform? It helps to revisit the article, which laid out the conditions and criteria for the uptrend—namely, key levels of support and resistance, price points which would determine either a trend continuation or reversal, and the seasonality context which can inform the more fundamental (and geopolitical) forces affecting the gold trade. Referring to the original chart while tracking the events in the days after the article dropped, here’s what happened. CHART 1. DAILY CHART OF GDX. Everything to the right of the blue…
