Loading ...GDX 15-Min Update
Note the two broadening consolidation periods last week and currently in progress look similar. Gap continue to be supportive and things are getting coiled now. Perhaps we get a big move starting after 2pm today or maybe it just waits for Monday.
2:30pm Update on 2-Hr Chart – really bullish structure shows well in this timeframe. Next week could be explosive.
http://charts.dacharts.net/2015-09-25/d1021.png
gdxj 5 minute … gdx much stronger on the shorter time frame..the relative strengh of gdx is unusual as its usually been gdxj thats been stronger in a “downtrend”.
gdx below… quite a difference in range
http://charts.dacharts.net/2015-09-25/d1022.png
ps…. thanks for your charts
http://charts.dacharts.net/2015-09-25/d1021.png
http://charts.dacharts.net/2015-09-25/d1022.png
i had posted this before..but for some reason not showing up in comments though i can see it…
gdxj 5 minute … and gdx…. gdx much stronger on the shorter time frame..the relative strengh of gdx is unusual as its usually been gdxj thats been stronger in a “downtrend”.
I’ve been noticing that too today. The big boys…in particular ABX, GG, FNV, and AEM are particularly strong today. The volume has been huge and I wonder if this is indicative of institutional buying….folks who only want the bigger names.
i think your right about the big instiutions.. gdxj now below the 5 minute fork… gdx still above the mid line
http://charts.dacharts.net/2015-09-25/d1024.png
http://charts.dacharts.net/2015-09-25/d1023.png
tracking a down channel in gdxj while tracking an uptrend in gdx.. im thinking gdxj will break up unless gdx sells off into the close
http://charts.dacharts.net/2015-09-25/d1024.png