When the metals and miners complex start a sustaining move to the upside, it can be breathtaking. Those who follow the miners sector know this all too well, as it’s one of the most emotional sectors in the market. Do not fear though, the train has not left the station without you. In this article I will discuss the lower price targets for gold and VanEck Vectors Gold Miners ETF (GDX), and how you have a great opportunity to go long into late summer, 2019. While GDX is the ETF that most closely resembles the large cap miners, we only use it as a proxy for the sector. Our primary focus will be on positioning into individual mining stock shares of companies that we have conducted our own thorough fundamental analysis.
In my last article on metals and miners I said: