Is the bear market in the gold miners about to end? The gold miners (ETFs: GDX and GDXJ) are facing one of the most important support tests in years, and this could become a rallying point if the ETFs break to the upside. Aggressive miner traders will find this to be a rare place where they can establish a long position with a tight stop just below the dual support test area. Conversely, should either GDX or GDXJ break below their respective support, then look for them to trade much lower!
Unfortunately, in his report, Chris provided a ten-year chart of GDXJ, the junior miner index, and not GDX, the senior miner index that he discussed in his narrative. The charts are almost identical, so Chris’ conclusions remain totally valid. eResearch has presented the two charts, GDXJ and GDX, in the report, and you will see that the trend-lines are identical to those that Chris provided. The first chart is GDXJ, the same one that Chris included in his report, and the second is GDX that Chris intended to include in his report.
Here is the latest article on the gold miners: … … HERE
