GDXJ could plunge down to the next target lower soon. target 30 area..then bounce to target the 40 Resistance zone. Can it make the bounce before the year ends ,I wonder.?
I'm absolutely convinced now that the metals and mining sector are nothing but Rigged and manipulated. So I think its critically important in studying the charts or the fundamentals for that matter,to always think about how and what the Cartel can and will do to play the next tricks and set ups that will slam the miners down. Like they did in early October and November. They will play all long investors for suckers when the next time comes.
They stopped the bullish rally pattern before it could make the next rally to higher highs and end the year looking really bullish. Now Miners will end the year looking Downward heading into 2017. the best it looks is neutral here,in my view, waiting for the next bounce that could generate a giant Cartel slam down in the Danger zone.... at GDXJ 40-42 area,when the bounce gets back up there. I could be proved wrong of course, but the giant rally in 2016 was met by a giant Cartel orchestrated shattering of the bullish picture. So that now, when the bounce gets back into the resistance zone around 42-41 area...there is a 50/50 Danger of another giant downwave into 2017.
I believe if the Cartel wants and intends to do that ,then it will absolutely happen and miners will hit bottoms again before the great currency reset.
You have to watch China and Taiwan as China wants it back and sent warning to USA to stay out of it as they consider it be part of their country. We have no reason to interfere with China taking back their Property. See what Obama and the War Mongers do..
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