Wednesday, May 3, 2017

05/05/17 Chart of the Day $GDX

Chart of The Day
Weakness in the gold shares short-term shouldn't prevent investors from recognizing longer-term realignment of trends necessary to transition them from cause/accumulation to mark up (rally).

Gold, silver and the gold shares will likely enter mark up in the second half of 2017 or 2018 as the global debt crisis intensifies and confidence in the world's institution and leadership deteriorates. Those buying the dip should do so conservatively until it's clear support is holding and trend energy is building; this will be established by the study price, volume, leverage, time (the Matrix), and breadth (see chart below).

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