the pm stocks have been under performing relative to the metal
in a big way for quite a while, the breakdown that started last
week is not a surprise, yes some support here from Aug, if that
doesn't hold then could sell down to a lower trendline as shown in
the weekly.
simply put, the pm stocks have gotta start to OUT perform
relative to the metal in order to form any sort of bottom, today
GDX is down 4%, while gold is nearly flat. We need to see
that reversed
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the pm stocks have been
GDX potential double bottom
Posted by matt on 19th of Jan 2016 at 01:14 pm
the pm stocks have been under performing relative to the metal in a big way for quite a while, the breakdown that started last week is not a surprise, yes some support here from Aug, if that doesn't hold then could sell down to a lower trendline as shown in the weekly.
simply put, the pm stocks have gotta start to OUT perform relative to the metal in order to form any sort of bottom, today GDX is down 4%, while gold is nearly flat. We need to see that reversed