Gold Stock Bears; Decision Time

Our furry friends are going to need to make a decision soon.  That is because the still-intact bottoming (bounce) patterns we noted on GDX and GDXJ in an NFTRH update after yesterday’s close are getting close to their necklines.  Bears are short this ETF via JDST as I anecdotally understand.  Here is the GDXJ 60 min. chart from the update…

gdxj

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