Gold Miners support?

Gold miners have been beaten senseless for the last year, so calling a bottom is a widow-maker’s game.  I’m not calling a bottom.  However, it is worth  noting that GDX has formed an inverted head and shoulders (for the moment).  Should the miners show some life in the coming days, it may be worth keeping an eye on.  GDX would need to rally over 10% to break above the neckline and build some offensive mojo.

2013-06-19-GDX_CHARTS

UPDATE: That was short-lived interest.  Broke down already.

 

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