Loading ...GDX Daily…
This could be the bottom…
RSI 14 backtesting and bouncing off of trend line is huge for the bulls…
Positive divergences in play…
Trend line established end of January HOLDS…This is BULLISH…
TRIX is in the “turn around zone” same place before the big run up end of January…
The resetting of the TRIX is again HUGE for the bulls…
The only thing lacking is the 1,2,3 on the TRIX as the last time…
“IF” the 1,2,3 plays out, this could whipsaw GDX into the gap/yellow zone for the FINAL low…
However, the 1,2,3 is NOT necessary for a final low…
RIC which I consider one of the individual “leaders”…
Closed above the 50 SMA 9/12…
The important item is the TRIX crossing in exactly the same place as the end of last year before the run up…
Same goes for GG…I find RIC more of a leader than GG
I was one of the dumb bulls during the recent bear, need all the HUGE I can get! Thanks for the charts!!
Nice chart Eagle. Was adding heavily to my trading shares this morning when Gold was down but the Miners were diverging.
Very nice ES as usual
Never underestimate the power of Goldcorp to disappoint no matter what the charts says. Richmont on the other hand, I’d listen to that chart.
Thanks for the posts!