Market Vectors Junior Goldminers ETF (GDXJ)

[tootalljones]

This looks like a double bottom right now, this very minute, in the gdxj chart. Time will tell. I find it amusing that gold is up almost 15 bucks, and the gdxj, which is loaded with companies now whose futures have never been brighter....the entire index is not even up 2%....

And gold is up almost 1%....

I can see this when the GDXJ has been on a 4 month tear, but now?

The conclusion is one of two things:

Gold is in a bear market or

We are catching the bottom in the miners (probably)