GDX:GLD compression formation. Also know as the Biggusdickus formation…
Using the GDX:GLD chart since august, I have been somewhat successful buying miners at the green circles and selling at the red circles. However, we seem to be running out of time for this structure. We either breakdown (and get the shaft so to speak) or be break up. Such is the life of Brian. Sometimes you just have to have fun.
I think we bounce imminently in the ratio. Question is how much upside will there be.