Kitco.com: Year-end forecast: gold stocks to rally 60%, $2,300 gold price – Chris Vermeulen
Gold stocks are showing short-term consolidation, but should they break resistance, another bullish leg could be sustained, pushing the VanEck Vectors Junior Gold Miners ETF (GDXJ) up to 60% higher in a few months, said Chris Vermeulen, chief market strategist of Technical Traders. “If we were to extend these [price levels to this year’s lows], which is where this first major bull flag pole ran to, and now we’ve got a multi-month consolidation, it actually gives us the...
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