Gold Stocks Review

China's cooling off, Greece is toast and so by extension so is EU growth. Spin makes the dollar looks so good in comparison, right? As a result, the perception of a strong dollar, which continues to be faded quietly by strong hands in the futures and option market, stampedes the weak hands out of gold. This, in turn, has forced a retest of support by the gold stocks.

Gold Miners Index ETF (GDX):


The heavy volume during the retest of support implies that lows will likely be probed. Any contraction of volume or force during the retesting process would produce a bullish setup. The next few days will be important.

TRE, also a new component of GDM, has been performing relatively well. Three taps and out appears to be complete. TRE is now building cause above previous swing high/neckline for a thrust higher. When TIME is right, TRE as well as others displaying relative strength during the correction, should become the leaders within the group during the next advance.

Tanzanian Rty Exp (TRE):


Tanzanian Rty Exp to Gold Ratio (TREGLDR):