- Market Twists & Turns by BraVoCycles Newsletter
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- Cash is As Good As Money
Cash is As Good As Money
Gold Miners
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GDX
In February, I pointed out the GDX, gold miners' ETF, opportunity, as its price did not reflect the advancement in gold's price.
GDX rallied about 60% since then.
There are two ways to count GDX in terms of Elliott Waves: black and green.
The daily cycles suggest a consolidation/pullback into 2025.
The weekly cycles indicate that the dominant cycle will not peak until 2026.
Given the cycle picture, I favor the green count.
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Yesterday's re-post was interesting.
Interesting stats
#StockMarket#IWM#MDY#SPY $IWM $MDY $SPY
#RUT#MID#SPX $RUT $MID $SPX— BraVoCycles Newsletter (@BraVoCycles)
4:12 PM • Oct 2, 2024
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