chartwatchers

GDX - Freefall V1.0

Short
AMEX:GDX   VanEck Gold Miners ETF
27
If gold is going down after a half year rally. What do you think miners will do?
Yes they are going to fall too.
After an unsuccessful break above the 200 SMA and tagging it again we are turning down sharply .
I have to note that this cycle in the miners was pretty weak. So the question is not the decline. The question is how far it can go?
Will it stop at the december low or breaks below it?
Comment:
Holding the position. This might be our big day.

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