View: GDX_Weekly_May102015.jpg
GDX_Weekly_May102015.jpg
GDX weekly chart nearly identical to /gc (continuous) weekly with the downward angled channel.
Note how the past two weekly candles failed at the re-test of the low from 2013, despite a MASSIVE volume push since October of 2014.
We rarely see Head & shoulders formations at lows, but it sure appears the miners are setting up one.
Still overall bearish sentiment on GDX and /gc
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