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.


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


  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: