Trying to Find a Bottom for Gold

The RSI reading on GDX’s daily chart is about 43 while RSI on the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) is 41.6. Neither of those readings are great, but both  are better than what the ETFs sported just a few weeks ago.

Market Vectors Junior Gold Miners ETF

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.