Chart (s) of the Week – Global X Copper Miners ETF (COPX US) & VanEck Gold Miners ETF (GDX US)

Two charts this week as strength in metals on Friday night translated to the underlying stocks. This morning we’ve focused on two respective US ETFs, because they captured the moves on Friday night. We’ve gone out on a limb by forecasting our “ideal” target areas. If we are on point here MM will be looking to take profit in one or more of our related positions into strength into 2026.

• We are targeting a further 10-15% upside for copper stocks into 2026 – no hurry to take profits yet.

• We are targeting a further 10% upside for gold stocks into 2026 – no hurry to take profits just yet.