(1) Retail money and headline analysis reflects pessimism towards the sector.
(2) REV(E), trend/tape energy, soaring to new highs while price lags.
(3) Observation 1 (Pessimism) + Observation 2 (Strong Tape) = Accumulation Setup. This classic setup often precedes the transition from “cool” to “hot” market.
Acting with discipline is not easy.
Eric
Gold Miners Index ETF (GDX):
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