Tuesday, June 8, 2010

Gold Shares Chip Away the Stone

Relative strength during weakness will become the leaders during strength.

The 5/19 gap sits over price like an anvil. REV(E) illustrates how price is chipping away the stone (anvil). A retest of the 5/12 highs and a breakout of the huge consolidation pattern is only a matter of time and pressure. No amount of spin, MOPE, or dark pools of money can stop the inevitable.

MV Gold Miners Index ETF (GDX):

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