From the Desk of Ian Culley
Healthy retest or failed breakout?
These are the scenarios rolling through my mind as I watch the Gold Miners ETF $GDX.
But who likes easy? I certainly don’t. I doubt gold bugs do, either.
Luckily, I always defer to price action across multiple time frames for insight. As Brian Shannon always says, “It’s price that pays.”
And in the case of GDX, the charts aren’t as bearish as you might think…