VanEck Gold Miners ETF (GDX) $80.00

Gold miners ETFs provide a valuable insight into the sector’s performance, and it’s a bullish picture at this stage, with the GDX ETF on track to reach new highs above $84. The US equivalent surged over 6% last night, posting fresh decade highs implying the locally traded ETF will follow suit, less the $A’s ~1% advance.

• We can see the GDX making a new swing high if/when gold punches above $US3500 – for now, we would ride the wave – Shawn is long the GDX in his Trading Ideas while we also hold a position in Physical Gold in the Core ETF Portfolio.