If gold is going down after a half year rally. What do you think the junior miners will do?
Yes they are going to fall too.
After an unsuccessful break above the 200 SMA it tried to tag it but couldn't even rise to the 200 SMA. And today we are turning down sharply .
I have to note that this cycle in the junior miners was extremely weak. Even weaker than the GDX cycle.
During the last few days banks were building a bull trap pulling in more and more traders onto the bull train.
GDXJ is going to break below the december low.
Yes they are going to fall too.
After an unsuccessful break above the 200 SMA it tried to tag it but couldn't even rise to the 200 SMA. And today we are turning down sharply .
I have to note that this cycle in the junior miners was extremely weak. Even weaker than the GDX cycle.
During the last few days banks were building a bull trap pulling in more and more traders onto the bull train.
GDXJ is going to break below the december low.
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Holding the position. This might be our big day.