Oi Peeps. I haven’t been able to check in earlier although I saw the price action. HEAVY Lightning struck my internet and went down. Possibly Monday is working again otherwise might take two more weeks. FYI. I will keep my post simple & short.

Below GDX-15 and the assumed Bear Flag which I believe I saw all the time became apparent. The Orange Flag BO-DOWN. We could see a BT but maybe not and much depends on GDX-daily (see thumbnail). If dMA(300) @ 29.65 will not be recovered or Held on Monday, GDX will probably test dMA(200) @ 27.70. As presented in many former posts, GDX might visit much lower lows. As for this chart, GDX might return to the beginning of the Orange Bear Flag @ 27-ish approx. If so, from there I expect to see Lower Lows and Lower Highs – possibly for the next 20 months or so.

Enjoy you Sunday. IMO. DYODD.