Users: moneymiser21: 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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