Everybody keeps asking me the same question.
Yes! I am watching it.

Today some Wall street firms put out a buy on the Miners and Gold.
That was 40 dollars higher and yes I’m looking for a Short Term blow off low
for a rally.

Ideally we gap to the 1170 level in the A.M. on an Asian puke going into qtr’s end. This would give the technicians among us an exhaustion gap to bottom fish.

We want a weekly technical level which would be massively oversold coupled with a viable chart pattern, where you could buy before you sell, and have a high probability of getting rewarded.

The miners have remained firm all day in the face of cash metal weakness.
We’re still hoping to get one more flush to give it a go.

If you wish to try it going home today do it via calls or leaps.

Many of you are looking for 113.90 in the GLD ETF, this is not the correct swing to look at. Cash is king!

GDX…shows daily resistance @ 23.38. A close above 23.75 would be needed to confirm a low.