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hanzhao311

GDX correct from here?

VanEck Gold Miners ETF (AMEX:GDX)  
hanzhao311 Updated   
AMEX:GDX   VanEck Gold Miners ETF
Trend Analysis Chart Patterns Harmonic Patterns GDX Gold miners goldminers goldmining
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trendanalysis chartpattern harmonicpatterns gdx gold miners goldminers goldmining
surprised to see GDX has such a huge divergence on the weekly chart dated back so long.

if you see value in this analysis please give a like. thanks.
Comment:
see divergence for key miners like Barrick, SBSW, etc
Comment:
really long divergence time span with the beginning point on 8/8/2016
Comment:
if the divergence proved effective and gdx reverses from here it will be VERY bad for gold and silver since it is possibly a leading indicator to the spot prices.
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