GDX: We need Some Capitulation Volume
So far we have bleeding , slow controlled bleeding , low volume , no interest….blah !
The H and S Top Projects down to the PO on this chart….as bad as this sounds…it would be best to get there fast ( by year end)
Blow thru that Strong Horizontal support !
But the most likely scenario is a bounce at 21 and a rally then the capitulation in first half of 2018
That would clear the decks finally.
Exactly why no one wants to get too short! ?
Good point T Bone