GDX Gold ETF Weathers Stock Market Selloff

Gold Silver Reports – GDX Gold ETF Weathers Stock Market Selloff v- The gold miners’ stocks weathered the recent stock-market plunge really well. As evident in their leading GDX ETF, they were already beaten down before stock markets started falling. The resulting explosion of fear bled into GDX, forcing it even lower. Nevertheless, no major technical damage was done. GDX remained well within its consolidation trend channel and is still within striking distance of a major $25 breakout.

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Gold Futures Post Highest Close Since 2016 in Heavy Trading

Gold Silver Reports – Gold Futures Post Highest Close Since 2016 in Heavy Trading — Gold futures settled at the highest since August 2016, as investors got behind a rally brought on by a falling dollar. Volume soared in the futures market, with trading more than double the daily average.

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‘Buy Bitcoin’ Overtakes ‘Buy Gold’ as Online Search Phrase

Gold Silver Reports – Buy bitcoin to the list of things denting gold’s appeal. — Bullion’s rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now, bitcoin’s surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said.

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