The follow video includes technical analysis of gold, silver & the precious metals mining stocks via the charts of GLD, SLV, GDX & $HUI. Support levels, buy zones & suggested strategies for building a position in the GLD, SLV and/or GDX are discussed in the video.
For those that don’t have the time or inclination to view the video, I’m slightly leaning towards a scenario of one more thrust down below the recent lows before a substantial & lasting rally in GDX (yellow scenario) although I can’t rule out a scenario in which GDX may have already bottomed at the top of my support / scale-in zone (blue scenario). Daily chart of GDX below:
