10 thoughts on “CHARTS OF THE DAY”

  2. Bill in Tokyo

    Are the miners in a bullish wedge (next step: up), or a bearish descending triangle (next step: down)?

    Have to wait and follow price. Waiting is killing me.

    But the weekly chart suggests to me that the bottom is near.

          1. Bud fox

            The indicators say otherwise.

            ADX is bearish
            Price is below 10 month MA
            MA is down sloping
            Lower lows and lower highs.

            http://www.barchart.com/chart.php?sym=GDX&style=technical&template=&p=MO&d=H&sd=&ed=&size=M&log=0&t=CANDLE&v=0&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=SMA%2810%2C%29%3BPPO%281%2C10%2C1%2C0%2C255%2C65280%29%3BWILLR%2814%2C40%2C13056%29%3BBBANDS%2820%2C2%2C10066431%2C3227936511%29%3BADXMOD%2814%2C26367%2C16724736%2C2186785%29&chartindicator_4_code=SMA&chartindicator_4_param_0=10&chartindicator_4_param_1=&chartindicator_5_code=PPO&chartindicator_5_param_0=1&chartindicator_5_param_1=10&chartindicator_5_param_2=1&chartindicator_5_param_3=0&chartindicator_5_param_4=255&chartindicator_5_param_5=65280&chartindicator_6_code=WILLR&chartindicator_6_param_0=14&chartindicator_6_param_1=40&chartindicator_6_param_2=13056&chartindicator_7_code=BBANDS&chartindicator_7_param_0=20&chartindicator_7_param_1=2&chartindicator_7_param_2=10066431&chartindicator_7_param_3=3227936511&chartindicator_8_code=ADXMOD&chartindicator_8_param_0=14&chartindicator_8_param_1=26367&chartindicator_8_param_2=16724736&chartindicator_8_param_3=2186785&addindicator=&submitted=1&fpage=&txtDate=#jump

  4. bhowe

    Gary,

    Aren’t we a little late in the cycle to expect the miners to have a significant move higher here? More likely, cycle wise to go lower. IMHO

  5. David

    Today, miner price is up, and gold is down, it is clearly shown the bottom is in place. Almost two months consolidation, gold and gold miner price wiii surge soon. I believe GDX will reach $18-19 in a month, if it is just a rally, not a bull revesal.

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