GDXJ - Gold Looks Great
Gold has been making higher lows and higher highs since mid-August when the price dropped to just over the $1160 per ounce level on the active month COMEX futures contract. During August, the price of gold fell on the back of a rally in the dollar and the prospects for an aggressive and hawkish US Federal Reserve that had just added another interest rate hike to their agenda for 2018. A rising dollar and higher interest rates tend to be a toxic bearish combination for the gold market.
Over the weeks and months that followed,