There is no excerpt because this is a protected post.
A little in-day micromanagement for your viewing pleasure. The correction grinds on and folks, the miners have needed this, a running of the bugs. HUI
In-day micromanagement… GDX 15 minute gapped up to fill the upside gap from last week and promptly dropped again to fill the opening gap. Where
 A chart was uploaded to the Trade Log Notes showing the GDX gap filled already. From a subscriber just now… Gary – Hate to
A subscriber asked how far I thought GDX and GDXJ might pull back. Well, assuming a pullback continues after yesterday’s gap fills I’ve marked up
Yesterday GDX broke upward above resistance and filled a gap down from May. It must now use that former resistance as support in order to
GDX is threatening to break the pattern today. It has taken out the trend line and a clear of point 2 could set it on
Nice, the miners are going green after a tough start. But GDX has not taken back the SMA 50, which it lost this morning after
The longer the correction has gone on the more it has moved from the look of a minor topping pattern to a potential consolidation pattern,
Daily GDX has not broken down. I would not rule out a bounce to fill the gap above 28 and possibly test the SMA 50.
It does not mean that the pullback in the miners (and gold/silver) is over but it does mean that an annoying issue is being addressed
Notice I wrote “begins” in the title. Today was the first real day of regurgitation with conviction. Long-term support levels are going out the window
Gold stocks are not responding well to the deflationary whiff in the air and I continue to think that is because they got caught up