At some point we should get a nice counter-trend rally towards $40, but who knows when or where it starts. We're over-due for a bounce after dropping from $55 to near $25! Its getting ridiculous, but gold sets the tone for GDX.
So close ! But no cigar dude.
One of these days some long only gold fund will throw some more block trades on this bonfire. Gdx will take a pop up.
Earnings gonna be ugly
Gold doesn't have to report a profit, or pay off bonds, but gold miners do
Sentiment: Strong Sell