Browse Stacks: Patterns: Gaps: sc (97).png

sc (97).png

GDX is now moving ( although with declining volume) towards 23 ( gap from 27/5).In order for the IHS scenario to remain valid the price must move above 23 with rising volume. I believe that probably that is not the case and GDX will move towards 20,5 in early July (it will bottom earlier than gold just like December 2013).