I realize this is a surprisingly bullish read but it’s what I’m seeing in the charts right now. The momentum setup is very bullish for the metal to make a strong move higher. It is quite compatible with the move I think the GDX may be set up for as well. Of course I will be assessing price and structure along the way but I really like this set up….looks better than gold has looked in a long time. Note, even if this occurs it can happen within the context of a multi-year downtrend remaining intact.

Gold