AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
1020 8 40
When everybody is ready to go long in gold             and miners it's time for the market to throw a curveball to the goldbugs.
Isn't it too simple to come out of an intermediate cycle low the way it was?
A simple bull flag , a simple breakout of the bullflag. Gap on gap. Skyrocketing to the sky.

If you think this is the case you don't know Wall Street. This is not the business for us - small guys - to make easy money.
If gold             starts to move down into its DCL after this 8 days of bounce GDX             will print an abandoned baby and price breaks back into the flag. It can be so scary that the flag could break to the downside in the following 2-3 weeks to print the final ICL.

I don't like the breakout volume at all...

I set the idea as a short, but I'm not going to play it today. If the decline starts DUST could be a good buy tomorrow or next week.
I don't see gold coming down any time soon. Stocks and oil are due for daily cycle low and commodities are rising due to falling dollar, which may still have further down to go. Even if it is recovering due to Brexit, gold is still going up. The bull is too strong.
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I sure hope your right Arpi, I'm still holding DUST and JDST and they haven't been doing well this last week. Your analysis of the markets is excellent keep up the great work and thanks for sharing.
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Hi on this chart trend is quick up but in the one of gold is shorted until the end of june, are not both a sort of market speculation on the price?
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Thanks for this update. I got into this train to early with JDST ... lets see what happens next week. Anyway you could chart GDXJ? Thanks again boss!
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"I don't like the breakout volume at all... "
Have I understood you right that you are referring to the volume spike of June 03 and fear it could be a break away gap (and maybe even followed by a run away) . In that case, what would that imply for the future (in your opinion)?
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I have same question. Thanks.
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bracken ice_holly01
http://www.investopedia.com/terms/b/breakawaygap.asp
Investopedia on breakaway and runaway gaps.
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Heyy update ur view when u already in your short...
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