AMEX:GDX   VANECK VECTORS ETF TRUST GOLD MINERS ETF
Here's my 2 cents on the miners. Based on the last 7 months or so, it looks like we had 2 cycles and are currently in a 3rd. They range about 109-137 days. In each of these waves you can see three minor waves. If we are currently in the 3rd wave of the 3rd cycle then I would expect it to be LT and drop fairly soon. It shouldn't take out the highs of April unless there is a new trend higher happening? The peaks at "1" have each been lower than the previous, where the lows have all been about the same. I'm really not sure what to make of all this, just sharing...........
Comment: Notice this pattern (inverse to gold now) and how it played out with XLE.

Comment: Now the inverse pattern to XLE. Very similar, we may see gold and miners go lower soon. I expect this is a 4th or 5th DC, and the ICL is still a month away.
Comment: Dollar keeps pushing higher, this will hold the miners down. I expect the upper trend line, $94.50 ish.
Comment: Sorry, wrong chart
It certainly has been a long slow grind fro gold and the miners. Looking for a pop here but who knows. Seems like a cup and handle has formed FEB - MAY!
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