Get Ready for Gold Stocks

Gold stocks are one of my favorite markets to trade. [Jeff Clark's Market Minute]( Jeff’s Note: Last week, my colleague and trading analyst Imre Gams shared how he achieved a 79%-win rate over the past 12 months, while reeling in a 961% return. It’s thanks to a special trading system he developed… one that allows anyone to trade like pros and achieve exceptional results. [He calls it Project X](. And it could alter how you approach trading from here on out… To make sure you don’t miss out on this transformative strategy, [click here]( to watch the replay of this special event. --------------------------------------------------------------- Get Ready for Gold Stocks By Imre Gams, analyst, Market Minute Gold stocks are one of my favorite markets to trade. Many investors hate gold stocks because they tend to go up and down like a yo-yo. But that’s exactly what makes them so profitable for traders. Good traders don’t care if the market is going up or down… they just care that there’s movement and volatility. And if there’s one thing gold stocks are known for, it’s volatility. Back on August 14, [I warned readers]( that the VanEck Gold Miners ETF (GDX) would have to selloff first before setting the stage for a bigger move higher. I had identified a support zone in GDX spanning between $27.82 and $28.32. At the time, I wrote, “While there could be a bit lower to go, this analysis suggests the bigger move in gold stocks will be to the upside.” You can check out a version of that original chart below. Last Monday, August 21, GDX struck a low of $27.28 before reversing sharply higher. This is a great initial sign that the decline in GDX is over. As a result, I’ve prepared an updated chart of GDX for you to look at. The price chart is quite straightforward. There are two important key levels to be keeping an eye on. A break of each of these levels further increases the odds of GDX reclaiming its May 4 high of $36.26. If GDX is able to break above $29.56, that opens the door to a much stronger rally over the next several weeks. The subsequent upside target will be the $32.63 level. A breach of this critical resistance level will tell me that the bulls are firmly in control of this market. Recommended Link [Reverse ‘money machines’ popping up across America]( Machines like the ones in this picture are popping up all across America. [image]( If you’ve been to a concert venue, stadium, or airport, you’ve almost certainly walked by one without knowing. The experts are calling it a ‘Reverse ATM’. They’ve been installed at places like Citizen’s Bank Ballpark in Philadelphia… They’ve even been used at the Super Bowl. Why are these machines suddenly appearing out of nowhere? And what does it mean for your money? We’ve recently arranged an interview with former Goldman Sachs managing director, Dr. Nomi Prins, to get her take. There’s nobody in America who’s more aware of the inner workings of the banking system. In the interview, [Dr. Prins explained these strange ‘reverse ATMs.’]( And she said she expects them to play a key role this Summer as our nation’s financial system is overhauled for the first time since 1971. According to her research, many Americans will be blindsided by what’s to come. BUT, folks who understand the ‘Reverse ATM’ phenomenon before it becomes obvious to the average American could actually profit in the weeks ahead. To help folks prepare, she’s recorded a briefing that explains exactly what she sees coming, how it will play out, and how much time you have to prepare. [Click here now to see Dr. Prins’ free presentation.]( -- Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. The last time GDX was trading around $27 was back in March. Back then, GDX exploded higher. Prices rallied from a low of $26.59 to a high of $36.10 in just 24 trading sessions. That’s a move of almost 36%. The best way to capture these kinds of moves is to be ready for them ahead of time. Trying to catch a runaway train is one way that folks get themselves into trouble. That’s why identifying key levels is my favorite way of being proactive as a trader. Happy trading, Imre Gams Analyst, Market Minute IN CASE YOU MISSED IT… [The only stock to keep (revealed below)]( Jeff Clark has been trading stocks for nearly 40 years. He knows the market. He predicted the crashes of 2008, 2020, and 2022. He’s helped his readers avoid huge losses… And still had 13 gains last year alone. He’s done it by avoiding 99.9% of all stocks… Only trading this one, [revealed in this video below.]( Now Jeff is helping his 23-year-old son overcome his huge losses in crypto and tech stocks… By using this same method. [Watch how he plans to win back all of his son’s losses with this one ticker revealed here.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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