Loading ...Re Breakout
GDX is sure doing a lot of work around this downtrend area……which says it’s an important area……and that short term work says all recent action is impulsive….aka v bullish.
and again this action is confirming…..as I said take out the 40.00 level on GDX and we shud run hard…we shud run hard straight up and through it.
Plus rates look set to fall in a C wave/next leg down…before they turn and start riseing big time and become a huge problem…..though that may take longer as rates rose for near 4 yrs and have only consolidated for 1 year……so the consolidation/correction may take longer…..but sometime in the not too distant future rates become a horror story, to the indebted world.