GDX has filled its lower of the two nearby daily chart gaps after the bear flag breakdown. It is good to have that gap out of there. GDX is viable to rally.
The caveats are as usual, the fundamentals – other than the likes of the Gold/Oil ratio we’ve been noting for this month’s reporting season – are not in place. Not with the bubbling stock market. That does not mean the miners cannot finally resume a rally. The other caveat is as noted in the last video update; RSI was reset upward and is not currently very oversold. We’ll have more in NFTRH 796 on Sunday.
I’m out the rest of the day. See you Sunday.
