Gold Miners Breaking Out
Edit – Gold chart added. The channel going back several weeks is intact, with a bounce exactly where we needed it – a break of the recent resistance looks imminent, opening up a move to $1850 or more. Note – once past the $1825 region, things could accelerate and take us out of this channel rapidly.
noman says its gonna crash though
Nope. When we leaped across resistance at 54 GDXJ I reversed. Price rules.
Finally went green for the day just now…
Nice breakout, NS.