Knights, as I have stated it’s my hypothesis that we entered Phase III last fall and have been elevated just below the October break down point in a complex backtest. Soon we will proceed with overall index price capitulation. Meanwhile Mr. Bear is cleaning up the malinvestments made during the bull market. The GDXJ has now undergone volume capitulation. Comical selling remains ahead. Here is just a taste of what Mr. Bear has feasted on over the past 4 years which have recently given up the ghost

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