A couple of perspectives, both short term and longer term. I still think the fractal I posted on 12/7 may be correct….essentially a bearish flag rising into Bband midpoint resistance early next year before the final plunge down into the spring.

GDX

Today on the 5-min chart I think we may have a broadening, wolfe wave-esque pattern playing out that will begin moving higher by this afternoon consistent with the bigger picture posted above.

GDX 5-min

Added NUGT 5-min….it fits very well. We’ll see!

NUGT