Sellers struggled harder in GDXJ to break down the midpoint support (p=110.36) than in either Silver or Gold futures. That makes its chart more bullish, but not much. We should therefore infer that the bear market will resume, and that GDXJ will eventually fall to D=84.17 once this bounce is over. Of course, let’s also allow for the possibility that the rally is for real by stipulating that a move exceeding May 29’s peak of 120.05 would put bulls solidly back in charge after spending more than three months in purgatory.
$GDXJ – Junior Gold Miner ETF (Last:104.24)
Posted on June 14, 2026, 5:13 pm EDT
Last Updated June 12, 2026, 10:29 pm EDT