Heading back to yesterdays low. Too soon to call a bottom.
chartwatchers
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@JesseL, Invictus gave an entry signal to me. Use it or skip it.
But it looks a bottoming candle to me:
JesseL
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@chartwatchers, I am still waiting to see if GDX breaks down below 20. If it does, it may collapse big time and then it will be BTFD time.
chartwatchers
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@JesseL, Miners doesn't look good, but gold clearly cannot produce the panic selling.
Every new low is bought again. I have a feeling next week short sueeze is coming and price bounces hard leaving everybody in the dust who is waiting for the big drop.
JesseL
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@chartwatchers, I tend to agree that we may not see panic selling in the miners. I am selectively buying some miners right now, and keeping some cash in reserve just in case.
JesseL
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@JesseL, Still not convinced just yet. Give it a few more days to see where it goes.