Gold Miners ETF (GDX)

[123tom]

I wish I could respond to all the charts and analytic points, but its too much of a chore at the moment.

I think some of the analysis is wrong thinking. A RSI floating up to the middle zone is not necessarily bullish trending...it just shows price working back into the Resistance Zone.
the vision should be looking for pullback or another down wave from these topping zones.
But whatever the technical tools and indicators may suggest the whole sector is totally rigged, and it will move whatever way the Controllers want it to.
Its just as possible that they could even use a bullish indicator as a way to sucker in the sheeple so they can begin the next haircut going down.

The larger intermediate trend has been down since 2011. and some day it may change ,but is that now? Its been engineered that way,to go down,and shows no signs of ending yet. The current zone of this rally in metals and miners is at a 'topping zone' a pullback or downwave should be anticipated.

Unless the game is now suddenly over and the Controllers have lost control. Do you think they have now lost control of this rigged game? I don't. not yet.