For those who trade in gold
and silver resource
stocks, looks like we are at a major inflection point. The blue EW looks to be the most plausible path for GDX
while the red is still a viable alternative. The small blue diagonal box will tell us a lot as this is the inflection point IMHO
. A break above this and the trend line
would indicate the bottom is in place for Primary wave 2. Below this box and we have OML. Just my opinion.