gdxdaily support and weekly support, if it were easy we'd be rich and not here ..... Armstrong says one more drop to support needed , 1310, whatever, backtests are healthy if not then blow off top and over. Drills still turning , money still being printed. Prophecy drilling in bolivia with nov results, seems Bolivia miner friendly now as nuag explosion smells of a gig.... Gran colombia selling assets to fund explor and not dilute, pcy setup to fund project with spinoff/sprott, bonterra still spinning holes, what's not to like ...
GDX trade ideas
GDX - Final divergenceI think the GDX rally is done too.
All the indicators are showing divergencies in GDX.
It rallied almost to the 2016 highs...
We will get a pinbar ( inverted hammer or shooting star ) on the weekly chart.
The weekly chart's indicators need to tag the oversold territory in this decline.
It might close the gap at 24 -24.56 or might test breakout at 23.67$.