Gold And Related Index Such As Gold Minors Testing

Gold and related Index such as Gold Miners Junior (GDXJ) maybe ready to make the next move higher. The next important catalyst in the market is the US election and the second Coronavirus relief package. Nancy Pelosi and Treasury Secretary Steven Mnuchin continue to have discussion about the size and language of the stimulus bill. As the election is getting closer however, there’s skepticism whether Congress can approve the package before the election. Furthermore, Republican senators have indicated they won’t approve the bill even if the White House and Democrat can agree on the bill.

Gold and related Index such as Gold Miners Junior (GDXJ) maybe ready to make the next move higher. The next important catalyst in the market is the US election and the second Coronavirus relief package. Nancy Pelosi and Treasury Secretary Steven Mnuchin continue to have discussion about the size and language of the stimulus bill. As the election is getting closer however, there’s skepticism whether Congress can approve the package before the election. Furthermore, Republican senators have indicated they won’t approve the bill even if the White House and Democrat can agree on the bill.

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