We are in the beginning stage. When we passed $48.20 and nowover $50 it's being confirmed.
IF we pop past $54, then $62 is my next target.
It's also telling us of the move we're experiencing and about to experience in Gold.
WRONG, you very apparent have no idea what you are talking about. For ANY breakout, you need LOTS of volume and volume is actually low. 12.4 mil is normal volume per day. Also, GDX is in a trading range. $40 to $52 is the range. Last, GDX is filling in the gap from the big drop in April. That is all that is happening. SO you know what you can do with your BREAKOUT scenario.............